VAT

The complex regime of VAT regulations imposes a tremendous administrative burden on businesses.

With the standard VAT rate being so high, mistakes in calculating VAT can be costly - and the rigid system of penalties and interest charges for mistakes and the late submission of returns adds to that burden.

We can help you to keep your VAT affairs in order, assisting you with processing the correct VAT amounts for each transaction, and ensuring that you make payments and file returns accurately and on time.

To achieve this, we can advise on and help with:

• Assistance with VAT registration
• The pros and cons of voluntary registration
• The timing of compulsory registration
• Extracting maximum benefit from the rules on de-registration
• Advice on VAT planning and administration
• Maintenance of satisfactory VAT records
• VAT control and reconciliation
• Help with completing VAT returns
• Partial exemption
• Timing and delaying VAT payments
• Flat rate VAT schemes
• Annual VAT Accounting
• VAT on imports and exports
• VAT control visits by H M Revenue and Customs

Contact us today to discuss how we can help with your VAT administration