Relieve the stress of VAT obligations with expert advice
With deadlines, tax returns and constantly changing rules, navigating the world of VAT can be overwhelming — but a trusted VAT accountant can relieve you of these stresses. With years of experience working with businesses like yours, we’re here to help.
We apply our full-time commitment to ensuring you meet all HMRC obligations, as well as offering invaluable advice to optimise your financial returns. Our expertise allows you to get on with running your business, safe in the knowledge that all your VAT obligations are being met.
What is VAT?
VAT stands for value-added tax. It’s an indirect tax, charged on the sale of goods and services and collected by businesses on behalf of the Government.
Businesses with a turnover above the threshold of £85,000 in any 12 months must register for VAT. They then need to charge VAT on goods and services they sell, and pay it to HMRC through a regular return (usually every quarter).
It’s also possible to register for VAT voluntarily if your income is below the threshold.
What are your responsibilities as a VAT-registered business?
As a VAT-registered business you must:
Charge VAT at the correct rate
VAT should be charged at one of three rates:
- the standard rate of 20%
- the reduced rate of 5%
- a zero-rate of 0%.
Some goods and services are also exempt from VAT altogether.
You’ll need to keep detailed records of the VAT you charge and the VAT you pay on purchases for your business. If you import any goods to the UK, you’ll also need to follow specific VAT accounting rules for these.
Send VAT returns and make payments to HMRC
Most VAT-registered businesses file a VAT return quarterly, but some need to prepare one monthly or annually.
The deadline to file this return and pay any VAT you owe to HMRC is usually one calendar month and 7 days after the end of each VAT accounting period.
What is a VAT accountant?
As VAT accountants, we ensure you pay the right amount of VAT to HMRC, help you with your VAT returns, and even help you claim back VAT where possible.
We help with:
Decoding VAT payments
Understanding how and when to make your VAT payments to HMRC can be confusing. We’ll guide you through the process, ensuring timely and accurate payments.
Understanding VAT registration
Whether you should be VAT-registered or not depends on several factors. We’ll provide all the information you need to make the right decision for your business.
Standard VAT vs other schemes
The standard VAT scheme isn’t always the best choice for every business. We’ll help you understand which scheme gives you the most financial benefit.
Complying with digital accounting rules
All VAT-registered businesses need to keep digital records and file their VAT returns with compatible software under the Government’s Making Tax Digital (MTD) scheme. We can keep you compliant with the rules.
Our approach — the human touch
In a world dominated by numbers, we prioritise people; the human touch. Our unique approach sets us apart, creating lasting relationships built on trust, understanding, and mutual respect.
We genuinely care about the well-being and growth of your business, going the extra mile to ensure your financial stability and success. We’re approachable and available, always ready to lend a listening ear and provide expert advice tailored to your specific needs.
Experienced chartered accountants
Our accountants are chartered and have a wealth of experience in handling VAT and tax issues.
We’re not just about numbers; we genuinely care about the success of your small business.
Up-to-date with HMRC regulations
You’ll never miss a deadline or pay a fine. We keep on top of all HMRC regulations to keep you compliant.
From bookkeeping to VAT and tax returns, we offer a full spectrum of accountancy services.