Comprehensive VAT services to take the pressure off your business
VAT can be a real headache to manage. The rules are complicated, the deadlines are strict, and getting it wrong can be costly. VAT might seem simple on the surface – just add 20% to your invoices, right? But in reality, it’s a minefield of special rates, exemptions, partial exemptions, flat-rate schemes, cash accounting options, and detailed record-keeping requirements.
The cost of getting it wrong can be eye-watering. That’s why having VAT support isn’t just a nice-to-have – it’s essential for protecting your business and your peace of mind. Whether you’re just about to hit the VAT threshold or you’ve been registered for years, we’ll help you navigate the VAT maze without losing your sanity.
Finding the right VAT scheme for your business
Did you know there are multiple ways to handle VAT? The standard scheme isn’t always the best fit for every business. We’ll help you choose between:
- Standard VAT accounting – the traditional approach – but is it right for you?
- Flat Rate Scheme – potentially simpler, and sometimes more profitable for certain businesses
- Cash Accounting Scheme – only pay VAT when your customers pay you – great for cash flow
- Annual Accounting Scheme – reduce your VAT returns to just one a year
- VAT Retail Schemes – different schemes aimed at retailers, can sometimes be combined with other VAT schemes
- VAT Margin Schemes – for businesses selling second-hand goods
We’ll look at your specific business model, cash flow patterns, and administrative capacity to recommend the scheme that works best for you – not just the one that’s easiest to explain.
Setting you up with Making Tax Digital for VAT
All VAT-registered businesses must now comply with Making Tax Digital (MTD) requirements. We’ll help you:
- Choose the right MTD-compatible software for your business
- Set up your digital VAT records correctly from day one
- Link your accounting system with HMRC’s platform
- Establish efficient processes for capturing and recording VAT data
- Train you or your team on how to maintain compliant digital records
If you’re new to digital record-keeping, don’t worry. We’ll make the transition as smooth as possible with plain-English guidance and practical support.
Taking VAT calculations and submissions off your plate
Working out what VAT you owe (or are owed) isn’t always straightforward, especially if you:
- Deal with reduced-rate or zero-rated goods and services
- Make exempt supplies
- Trade internationally
- Have a mixture of business and non-business activities
Our VAT team will:
- Review your sales and purchase transactions
- Apply the correct VAT treatments
- Identify any potential issues before they become problems
- Calculate any partial exemptions
- Calculate your VAT liability accurately
- Look for legitimate ways to minimise your VAT costs
Submitting VAT returns on your behalf
Missing VAT deadlines or making errors on your return can result in penalties, interest charges, and unwanted attention from HMRC.
With us handling your VAT returns, you’ll never again have that last-minute panic when you realise the deadline is tomorrow.
Supporting you through VAT inspections
Few words strike more fear into a business owner’s heart than ‘HMRC inspection.’ If you do face a VAT inspection, we’ll:
- Help you prepare the necessary records and documentation
- Brief you on what to expect and how to respond to questions
- Attend the inspection with you to provide professional support
- Liaise with HMRC on technical matters
- Help resolve any issues that arise from the inspection
Having experienced professionals by your side during an inspection can transform it from a nerve-wracking ordeal into a manageable process.
VAT support for property owners
If you own commercial or rental properties, you have VAT obligations. We have extensive experience working with property owners and helping them navigate the VAT minefield.
- The VAT implications of buying, selling, or developing property
- Option to tax considerations
- Capital goods scheme compliance
- Land and property VAT rules
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Our pricing promise
We don’t promise to be the cheapest, nor are we the most expensive.
What we are is fair and competitively priced. Fair in our pricing, fair throughout the work we do for you, and fair in genuinely investing time to support you and your business.