It is a tax that’s charged on most business transactions in the UK. VAT is a tax on turnover rather than on profits. Businesses add VAT to the price they charge when they provide goods and services to. You will need to register VAT if your turnover for the previous 12 months has gone over a specific limit – called the ‘VAT threshold’ the process of registering can be complex. We provide necessary assistance to complete this form efficiently and accurately. We advise you regard the required supporting documentation that you may need to submit to Customs with your registration form. Our aim is to make as simple as possible for you to handle and understand. We help you to make sure you do not miss anything and do not fall foul of the regulations. We make sure you do not pay the chancellor any more than you need to. If you’re a VAT-registered business you must report to HM Revenue and Customs (HMRC) the amount of VAT you’ve charged and the amount of VAT you’ve paid. This is done through your VAT Return which is usually due every 3 months.
We provide an efficient cost effective VAT service, which includes:
- Support with the VAT registration
- Use of the most suitable VAT scheme
- Advice on VAT planning
- Preparation and submission of VAT returns
- Planning to reduce future issues with the HMRC
- Representing you at VAT Tribunals.
- Negotiating with the HMRC in disputes