VAT
You have to register and account for VAT if your sales are about to go above the VAT threshold. VAT is a complex tax and the penalty regime is extremely harsh.
You have to register and account for VAT if your sales are about to go above the VAT threshold. VAT is a complex tax and the penalty regime is extremely harsh.
In many cases it requires specialist knowledge especially in areas such as property development and importing and exporting goods and services
Additionally you have to keep adequate accounting records sufficient for HMRC.
We are experts in all tax matters including VAT
We can monitor your business and advise you when you need to register and prepare and file you VAT returns on your behalf. We will also insure that you are fully compliant with the legislation and will also advise you on the most appropriate scheme to use, such as:
Cash accounting scheme
Flat rate scheme
Margin scheme
Annual accounting