VAT Returns
Our VAT services are ideal for new businesses and those that have been running for a long time. We can help you meet your VAT liabilities, giving you back the time to focus on your business operations.
We Give the Best Services
If you’re just starting out, we can help you decide whether you should be VAT registered from the outset. We will continue to monitor your situation, so that should it become necessary for you to register for VAT we can deal with the registration for you.
We will also monitor your position for when we think you are able to and would benefit from deregistering for VAT.
Need Support with Your VAT Returns
Tax Expert Accountants handle your VAT returns, we give you peace of mind and the time to spend growing your business.
Why Choose Our VAT Return Service?
Our VAT return service offers you the complete package for your business:
- VAT schemes: we can advise if you are eligible for any VAT schemes and establish whether you would be better off adopting one or a mixture of them. Some VAT schemes can lead to tax savings and a reduction in bookkeeping responsibilities.
- VAT savings: we will ensure that your VAT claim is correct, particularly ensuring that you claim as much input VAT as you’re entitled to and only pay as much VAT as required.
- VAT agent: we can act as your Agent for VAT and correspond with HM Revenue & Customs (HMRC) on your behalf and submit VAT returns for you.
- Meet HMRC deadlines: our experienced team will ensure your VAT returns are filed on time and ensure you are advised of any liabilities in good time.
- Competitive pricing and flexible services: We tailor our services to your business and offer fixed fees to avoid any hidden charges.
Contact With Us
Frequently Asked Questions
Should I register for VAT?
You must register for VAT if your taxable turnover exceeds the VAT threshold. It may be beneficial to register for VAT even if you don’t meet the VAT threshold. To consider your options, speak to an accountant.
What are the benifit of being VAT registered?
Firstly, it’s not uncommon for businesses to creep over the VAT threshold and not realise they should have registered for VAT. Registering therefore reduces the chance of missing this deadline and being liable to penalties. Being VAT registered also allows you to claim back VAT on your purchases and it is possible that this could be advanatgeous for your business, depending on what you’re selling.
How do i register for VAT?
If you want to become VAT registered, you can register with HMRC online, or ask your accountant to do this for you. You will need to have some information to hand, including your business bank account details, company registration number (if applicable), your Unique Tax Reference (UTR) and/or your National Insurance number. You will also need to know your annual turnover and information relating to you and your business’ taxes.
Once you’re registered you’ll receive a VAT registration number and be able to set up an online business tax and VAT account.