VAT returns
Its incredibly important that VAT returns are completed correctly. If your business is registered for VAT, you will need to complete and submit regular returns to HMRC. These are usually set as quarterly returns, although in some cases it may be monthly or annually. With this return, you will need to calculate how much tax is payable by your company to HMRC.
VAT payable is the sales tax amount charged to your customers minus the tax you have paid on materials and other expenses eligible for VAT reclaim. And this is where knowledge of exactly what expenses are eligible for VAT reclaim is vital, otherwise you could be paying too much.
Our service
We can complete them for you, in perfect time so you avoid any penalties.
Whether we undertake your bookkeeping, or we take your books and complete them for you, we’ll take care of it.
Alternatively, we provide full training on completion of VAT returns.
We also assist with the following:
- Applying for VAT registration
- VAT planning
- Advice on VAT schemes suitable for you
- Our attendance at VAT inspections
- Representation at VAT tribunals if required
- Dealing with any contentious disagreements that may arise with Customs
