VAT and VAT registration affect all businesses. Knowing how close you are to registration thresholds and your legal responsibilities can be a worry for many business owners. Some just have to monitor their turnover as their business grows, whilst others who have exceeded the threshold have a legal requirement to be registered. Once registered, the way you keep transaction records and what you need to report on becomes more even more important.
The good news is that VAT doesn’t have to be taxing. There are a number of options available to businesses of different sizes and our experience can help you choose the right way forward. We can also take away all the workload associated with VAT administration and reporting.
VAT rules are changing on a regular basis, but because we keep up to date with developments, our clients benefit from this knowledge and know when they need to adapt to the new legislation.
What can we help you with:
- VAT registration
- Registration schemes – some schemes could actually increase your income
- Online VAT return filing
- VAT inspections
This list is not exhaustive. If you have any other VAT needs specific to your business, please call us to discuss how we can help.