Value Added Tax
VAT registered businesses have to submit VAT returns which give full and accurate details of VAT payments by customers and VAT charged by suppliers.
Complying with Value Added Tax (VAT) requires professional knowledge and attention to detail. We can help you with VAT registration, VAT returns and discuss VAT schemes that are most suitable for your business.
We can complete your VAT returns by managing your bookkeeping needs. Alternatively, you can give us your books and we can prepare VAT returns based on the information you provide to us.
Legislation introduced by HMRC with regards to Making Tax Digital (MTD) means business with a taxable turnover above £85,000 must follow the rules for MTD for VAT. This means you’ll need to:
- Keep digital VAT records
- Sign up for Making Tax Digital for VAT
- Use software compatible with Making Tax Digital to submit VAT Returns.
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