Being VAT registered has its benefits, but ensuring your VAT returns are completed and submitted correctly is essential.
You must register for VAT if your turnover for the previous 12 months is over a specific limit - currently £70,000 - or if you think your turnover may soon go over this limit. You may register voluntarily at any time. There are a few exemptions from registration.
VAT is charged by someone who is registered for VAT - a 'taxable person' - on:
· goods and services sold or otherwise supplied (e.g. barter) in the UK
· goods, and some services, imported from places outside the EU
· goods and services coming into the UK from other EU countries
How we can help
We can:-
· Prepare and submit your VAT returns.
· Advise on registration and de-registration.
· Advise on matters surrounding exempt goods and services.
· Prepare for compliance visits by HMRC.
· Work with the HMRC on your behalf.
· Advise on the various VAT schemes including the most appropriate for your business.
Our commitment to you
· We will keep you informed as to the cost to you in our charges.
· We will tailor our response to you personally.
· We will provide you with a professional and cost efficient service.