VAT

Once a business reaches the VAT registration limit, it must register for VAT, but can also do so before then, if desired. We routinely register clients for VAT, dealing with any queries that HMRC may have in the process. We advise clients on the various schemes available that may reduce the burden of VAT on their business. These include the annual accounting scheme, the flat rate scheme and group treatment.

For smaller businesses, we offer a VAT preparation and filing service. We prepare their periodic VAT returns from your accounting records, and file them online.

Many businesses have problems with VAT at some time or other. In the past we have successfully advised clients on a range of VAT issues including:

• Mitigation of belated VAT registration penalties
• Exception from registration claims
• Input tax recovery
• VAT and international trade
• Distance selling within the European Union.