VAT Returns

VAT ReturnsWe can provide assistance with your VAT returns as part of your accountancy package with us, including:

VAT registration

We can advise you when you need to register for VAT and submit your applications for you. You may also want to register on a voluntary basis to operate on a similar basis to your customers or competitors.  We can advise what issues may arise once your application has been submitted.  Our fee includes our support service to deal with correspondence requesting additional information if your application is subject to further checks.

VAT schemes

The most popular schemes for start-ups and small businesses are the cash basis and the flat rate scheme.  There are lots of rules but the schemes can be very useful when you are just starting out, enabling you to pay less VAT or to minimise your cash outlay.

VAT returns

Most VAT returns are submitted on a quarterly basis.  We use software to calculate the amount of VAT due in accordance with your VAT scheme. We can submit your VAT return online to HMRC, advise you how much is due and when the payment is due

VAT de-registration

If your turnover reduces to below the de-registration limit, you may decide that you no longer wish to be VAT registered.  We can prepare the HMRC de-registration form and advise what to do with VAT on assets and stock.
Contact us if you need further information.