VAT
“Do you know what Margaret Thatcher did in her first Budget? Introduced VAT on yachts! It somewhat ruined my retirement. ” - Edward Heath
Value added tax is one of the most complex and time-consuming tax regimes imposed on a business – so complex that many businesses inadvertently overpay or underpay VAT.
The ever-widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of HMRC call for a trained professional to ensure that you do not fall foul of the regulations and do not pay HM Revenue and Customs more than you need to.
We offer guidance and support with applying for VAT registration, advising the best method to adopt & preparation & submission of VAT returns to HMRC.
Making Tax Digital (MTD) - All VAT registered businesses with a turnover of over £85K are now required to file VAT returns using the Making Tax Digital platform (via accounting software or a bridging software).
We are fully MTD ready and by using our preferred software provider, Quickbooks online, we will ensure your business is fully compliant under the MTD rules.