VATWorking to save on VAt
Do these challenges sound familiar?
Input and Output VAT
You are required to maintain records of both input and output VAT:
- We advise you on the accounting requirements
- We offer you practical assistance in complying with HMRC requirements
- We help you set up or amend your record systems to account for VAT in an effective and efficient way
You need to decide which scheme is best for your business:
We inform you of the various schemes available and help you decide which is best for your business.
You are required to complete periodic VAT returns and make payments to HMRC:
We advise you on the processes and offer to act as your agents to ensure that your returns are filed on time.
You need to use the correct VAT rates:
We advise on the correct rates for you to use.
You will want to avoid penalties for non-compliance or late filing payment:
We help you comply thus avoiding penalties and saving both money and time.
Making Tax Digital
Making Tax Digital, or MTD for short, is a Government initiative that aims to fully digitise the tax system …