VAT is one of the most complicated area of taxation in the UK. It is an area where sensible forward planning can make all the difference. We can help with VAT registrations, VAT compliance, VAT enquiries and any other areas of VAT.
If you’re just starting out, we can help you decide whether you need to be VAT registered from the outset or not. We will also continue to monitor your situation, so if it becomes obligatory for you to register for VAT, we can deal with all the paperwork for you. In contrast, we also monitor your position constantly to determine whether you would benefit from deregistering.
Whether a new or existing business, we will also look at the VAT schemes you are eligible for 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.
Late VAT registration, errors on VAT returns, late filing of VAT returns and late VAT payments can all lead to penalties and interest being charged. Our dedicated team can take care of your VAT affairs and can prepare your VAT return; either from your own bookkeeping records or we can take care of your record keeping and the VAT return. We always try to ensure that you legitimately claim as much VAT as possible; particularly on contentious items such as mixed-use expenditure and motor running costs.
As with other areas of tax, we can act as your Agent for VAT purposes and therefore correspond with HMRC or your behalf. This not only gives you peace of mind, but it should also avoid you wasting your hard-earned cash on penalties and interest.