VAT
Your returns made easy
As a business, you will be required to register for VAT once you surpass the £85,000 annual turnover threshold. If this is the case, HMRC will need you to complete regular returns and pay your VAT bill.
The process can be complicated and time-consuming. If you make any mistakes, you can face fines and investigations, so it’s essential to ensure you get everything right from the start.
Our VAT experts can help you with all of this, making sure you don’t fall behind the deadlines.
We can provide strategic VAT advice and support with administrative roles, whether registering for VAT or completing your returns. Where possible, we can also reduce your VAT bill.
There are multiple VAT schemes in retail, so knowing the right one to apply to your goods and services is essential.
Now, VAT returns must be filed and paid through Making Tax Digital-compatible software, so if you’re not familiar with the new ways of working, we can advise you on the best software package to suit your needs and run through everything with you.
If HMRC decides to dispute anything on your VAT return, we can be there to answer any questions.