VAT Returns
Value-added tax (VAT) is one of the most complex aspects of the UK tax regime, putting a massive burden on businesses that are essentially collecting tax from consumers on behalf of the UK.
It’s only to be expected that VAT returns themselves are a tricky business. Get them wrong, and you’ll either end up paying HMRC more than you need to, or not enough and get into a lot of trouble.
Rather than going it alone, be proactive and call in the experts – we’ll complete your VAT returns every quarter for you. With our tech-led and focused approach to VAT, not one of your returns will be inaccurate or late again. Meanwhile, you’ll be able to return to the core of your business, safe in the knowledge that we’re working hard to make sure you pay what you owe and not one penny more.
We’re also able to provide you with reasoned and professional advice regarding VAT. That means getting you on the correct VAT scheme for your business and guiding you through the toughest aspects of the tax, such as the VAT reverse charge. We’ll also help you navigate VAT on goods you’re importing from Great Britain, as per the Northern Ireland Protocol.
While companies must register for VAT when they go over the VAT threshold of £85,000, you might benefit by registering earlier – for instance, from the enhanced cashflow it can provide. Could that be a good idea for your business? Give us a call or shoot us a message for our opinion.