VAT Administration

VAT is constantly changing and can be a potential minefield for the unwary, making it imperative to take expert advice, now even more so with the introduction of HMRC’s Making Tax Digital for VAT. We offer a full consultancy and planning service to steer you through the regulations and set up the best recording systems.

The current VAT threshold is £85,000 turnover within any 12 month period but it can sometimes be advantageous to voluntarily register below the threshold and we can advise on the right way to do this for your business, and when to de-register. We’ll help in dealing with routine VAT inspections and give what assistance is needed should you be singled out for further investigation by HM Revenue & Customs.

We can take care of monthly, quarterly and annual reporting requirements, and have this tied in with our accounting software to comply with the 

The key aspects of this service are:

Registration of appropriate VAT regimes and understanding flat rate schemes
Establishing which products and services are liable to VAT
Timely reporting for the VAT authorities
Reconciliation of VAT matters in the accounts
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