Are you sure you are submitting accurate returns?
We provide a VAT return service producing and submitting VAT returns on behalf of your business. It might sound easy, but are you sure you are submitting accurate returns and not leaving your business open to penalties for non compliance?
Weird and wonderful world of VAT
The weird and wonderful rules of the VAT world aren’t there to annoy you but they are there to comply with! Are you sure you are aware of all of them? Of course, no one can be certain of that! But what we can offer is many years of experience and knowledge which are our bread and butter for our type business!
Deadlines/Filing
VAT penalties are expensive! Also understanding what you can and can’t claim for are mind boggling. We have a wealth of experience in this field, so let us help.
We will make sure you never miss a deadline saving you time and the worry of remembering to submit on time.
VAT Threshold
The VAT threshold is currently £85k. There are exceptions to this rule so why not speak to us to ensure you are not running the risk of being non compliant.
Domestic Reverse Charge
A prime example of one of the ‘weird and wonderfuls’! If you are working within the CIS regime, this may apply to you. If you aren’t sure or are confused by the whole thing, what are you waiting for? Speak to us! We can help!
MTD – what is it?
In the good old days, you could create a VAT return and submit it without worrying too much about how the underlying data was displayed. With the introduction of MTD (Making Tax Digital), it’s a whole different ball game! We find many of our clients who were happy to file their own report previously are much happier getting us to do it!
MTD means you will need an MTD compliant software package to produce and submit your VAT return. We use Xero as it suits most clients and is quite logical as accounting software goes! We are happy to provide this software as part of our VAT submission service at no extra charge!
All businesses, regardless whether they are voluntarily registered or not, will need to file via MTD compatible software after 1st April 2022.
We understand the process and have software that can help. Why not hand it all over to us to take away your headaches!