VAT

You may wonder why businesses use the services of VAT accountants. With the plethora of changes the VAT system has undergone over the years, it can be hard even for the most adept business owner to keep up.

If you fall behind with the reporting requirements set out by HMRC, you could incur penalties or, worse, being prosecuted.

If your business reaches (or is about to reach) the annual VAT threshold, you’ll need to register as soon as possible. Once you have registered, you’ll need to find the most suitable accounting software to file your returns.

Future-proofing

Now that Making Tax Digital (MTD) for VAT is mandatory, your software must be HMRC-recognised and MTD-ready. We know all there is to know about the best software packages on the market, and we’re proud to be a Xero Gold Partner. Xero allows us to organise and file your VAT returns to HMRC with a few clicks of a button, providing you with real-time updates every step of the way.

Support from the start

If VAT is all new to you, don’t worry. We’ll identify the best scheme to choose from, set up your reporting processes and (hopefully) find ways to lower your VAT bill. Rules for the scheme can vary from industry to industry, so don’t get caught out by assuming it’s identical for everyone. Talk to us about your business, and we’ll cater our VAT accounting services to your requirements.

Should HMRC ever launch an investigation into your VAT affairs, we’ll be on hand to help deal with it for you. We’re happy to take over any negotiations, resolve any disputes and even represent you at a VAT tribunal. But, with our help, this should only ever be a worst-case scenario.

Our VAT accounting services are great on their own, but for a complete accounting package, you can also check out our related services, such as:

• corporation tax return services
• self-assessment services
• bookkeeping
• tax return services
• annual accounts.

Don’t settle for the simple approach to your business’s finances. As experienced VAT accountants, we’ll help you regain control over your taxes and find ways to lower your bills wherever possible.