WHAT IS VAT?
Value Added Tax (VAT) is a sales tax that must be added to the value of invoices that you issue to clients when:
The VAT rate that you must charge your client is either the standard rate (20%), reduced rate (5%) or zero rate (0%). If the supply of your good or service is outside the scope of VAT then it will be exempt from VAT.
We can prepare your quarterly VAT Returns in compliance with MTD (Making Tax Digital), with prices starting from £50 plus VAT per return.
WHY REGISTER FOR VAT VOLUNTARILY?
Your business can register for VAT voluntarily in order to reclaim VAT on expenses that are incurred. This results in an improvement to cash-flow and an increase in profits.
There are numerous VAT schemes including (but not limited to):
MAKING TAX DIGITAL (MTD)
From the 1st April 2019 it is compulsory for your business to register for MTD if your business turnover is £85,000 or greater, or it is expected to be within the next 12 months.
To summarise, your business will be required to submit VAT returns electronically and to maintain an electronic record of each sale made and expense incurred.
WHAT WE CAN DO FOR YOU
Prices start from £50 plus VAT per return
GET A FREE QUOTE
All information supplied to this form will not be passed on to third parties and will not be used for marketing purposes by us unless you click the tick box in the form allowing us to do so. The data will be only used to provide you a fixed fee quote.