VAT HEALTHCHECK
IF YOU INTEND TO USE US FOR YOUR BOOKKEEPING AND ACCOUNTING REQUIREMENTS, THEN YOU DON’T HAVE TO WORRY ABOUT VAT. WE TAKE CARE OF IT FOR YOU.
Alternatively, for a small fee, sent us details of your receipts and expenses on one of our templates and we will complete and take care of all aspects of your VAT returns.
If you are a new startup business, then speak to us and we can advise on:
- Review and sample check your accounting records for errors
- Sample test the most common errors that the VAT inspectors look for
- Statistically analyse your completed VAT returns
- Sample check the completion of VAT returns
- Compare your VAT returns against your annual accounts
- Check the VAT treatment of your sales
- Consider whether you are making best use of relevant VAT schemes
- Ensure you are correctly applying the rules of VAT schemes
- Identify VAT planning opportunities
VAT Planning and Disputes
Compliance with VAT is becoming ever more complex. Investigations from the VATman can be intense, all the more important that you have an accountant who is successful in negotiations with them.
We take best advantage of the reliefs available and the interpretation of the regulations. This is an extremely important feature of the service provided as it ensures peace of mind for all our clients.
We can help you with VAT in the following ways:
- Applying for and advice on VAT registration
- Advice on the VAT schemes suitable to your business
- Completion of VAT returns – either from your books or we can do the bookkeeping for you. By letting us complete your VAT return it ensures, it will be accurate and that you don’t miss any opportunities to claim the VAT you should
- Dealing with VAT control visits
- Dealing with any contentious disputes that arise with Customs.
VAT registration
Need advice on whether to register for VAT? For VAT registration we can assist with:
- Advising if you need to or if it would be beneficial to register
- Completion of the VAT registration forms and formalities
- Advising on the best VAT schemes to use suitable to your business – some you have to notify HMRC you are using and some you don’t
In addition we can assist with:
- Completion of VAT Returns or training on how to complete them
- VAT planning
- Dealing with any contentious disputes that arise with Customs
- Attendance at VAT inspections.
VAT returns
Compliance with VAT is complex. Investigations by the VATman can be intense – all the more important that your VAT returns are completed correctly.
There are three methods we can use to assist in completion of VAT returns:
- Let us do your bookkeeping and we complete the return from there
- Give us your books and we’ll complete the return for you
- Provide training on how to complete your return.
We complete VAT returns in good time to ensure you avoid any penalties. In addition we can assist with:
- Applying for VAT registration
- Advice on the VAT schemes suitable to your business
- VAT planning
- Dealing with any disputes that arise with Customs
- Attendance at VAT inspections.