Bring in the specialists
VAT can be difficult to understand even for us accountants, nevermind for a business owner whose focus is on their trade. They take hours to complete, can feel like a massive burden and just one mistake can cause huge financial repercussions.
We specialise in VAT so we can help ambitious business owners focus on and exceed their targets without having to worry about one of the most complicated aspects of the UK tax code. From your VAT return to getting you on the right accounting scheme with HMRC, we’ll do it all for you.
Businesses with a turnover of £85,000 or more must register for UK VAT and then charge the tax on the products and/or services they sell. They then have to pay the money back to HMRC in their VAT return, which means businesses essentially collect VAT on behalf of the treasury.
It’s not uncommon for HMRC to contact businesses about their VAT return. It is frustrating, but you can reduce the chances of that happening with proper accounting and filing practices. If that’s what you’re looking for, we’re the accountants for you.