BUSINESS VAT RETURN SERVICES
If you are not VAT registered but need to be or are uncertain of whether you should be VAT registered, we can provide advice and suggest which scheme would be most beneficial.
WE SUPPORT THE FOLLOWING ACCOUNTING SYSTEMS
Standard Rate Scheme
With the standard rate VAT scheme, VAT returns are usually made on a quarterly basis.
Flat Rate Scheme
Under the flat rate VAT scheme, the process is different as you won’t claim VAT you have paid on purchases.
Cash Accounting Scheme
With the Cash Accounting Scheme, you will only pay VAT on your sales when your customers pay you.
VAT services for small and medium business.
When you earn over a certain amount of money per year, HMRC will request that you register for VAT status. Simply put, this means that you will be subject to an advanced rate of tax based on your financial status. Unless you oversee a huge amount of growth right away, or have a large customer base ready and waiting to support you, you may not need to worry about VAT returns when you first get started with your business.
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