What We Do:
- Assess whether your business must register for VAT (threshold, voluntary registration).
- Advise you on which VAT accounting scheme is most beneficial (standard, flat‑rate, cash accounting, etc.).
- Collect and verify all input VAT (on purchases) and output VAT (on sales).
- Prepare VAT return statements and submit them to HMRC by the deadlines.
- For clients under Making Tax Digital for VAT: ensure records are kept digitally, software compatible, submissions online.
- Resolve any queries from HMRC, handle inspections or audits if they relate to your VAT returns.
Deliverables You Receive:
- VAT registration (if applicable).
- Advice report recommending the best VAT scheme for your business.
- Prepared and submitted VAT return(s) — quarterly or monthly as required.
- VAT reconciliation summaries.
- Statements showing VAT paid vs VAT reclaimable.
- Support and guidance on responding to VAT notices / assessments.
Why It Matters:
- Prevents costly penalty charges for late or incorrect returns.
- Ensures you reclaim all allowable VAT and don’t overpay.
- Proper VAT scheme choice can save you money.
- Ensures compliance and reduces risk of audits or disputes with HMRC.