VAT Specialist Accountants
Experienced & Trained VAT Experts
If you are running a business, it is important to know about value-added tax (VAT) and how it affects your bottom line. VAT is a tax levied on the sale of goods and services in the European Union (EU). As a business owner, you are responsible for paying VAT to the government. However, you can also claim back any VAT that you have paid on business expenses. This is where VAT specialist accountants can help. They can ensure that you are paying the correct amount of VAT and help you to claim back any VAT that you are entitled to.
Benefits of a VAT Accountant
A VAT accountant can help relieve the burden and stress of completing a VAT return to maximise your profitability and cash flow. We provide a clear and jargon-free approach that will identify opportunities and advise on the correct and beneficial actions to augment the day to day running of your business. Our tailored approach will mean your business will be provided with a dedicated VAT accountant to look after your finances. This member of our team will work closely with you to understand how your operation runs and what we can do to improve your cashflow.
With years of experience and training in the VAT sector, our team are capable of spotting mistakes and making any necessary adjustments before your returns are submitted. It is important to develop good report with HMRC and build on your relationship. Unfortunately, even the slightest error on your return could be flagged as fraud, so it’s incredibly important to know your legal obligations and the regulations surrounding them like the back of your hand. We will also be able to identify any tax-saving opportunities within your business and help reduce your tax liability as much as possible whilst still remaining compliant.
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What's Included In Our VAT Return Services
As a VAT accountant, we offer a variety of cost-effective accounting services to our clients, such as VAT registration, HMRC investigation resolution and tax planning. We will also perform VAT health checks each time we prepare your return and monitor for any VAT issues.
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VAT, or Value-Added Tax, is a consumption tax levied on certain goods and services in the European Union. The tax is applied at each stage of production and distribution, and ultimately passed on to the consumer. Businesses registered for VAT must charge the tax on their sales, and then account for it in their returns. This can be a complex and time-consuming process, which is why many businesses choose to outsource their VAT obligations to a specialist accountant.
A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. The amount of VAT that the consumer pays is based on the value of the good or service, less any VAT paid on the good or service at previous stages in the supply chain. A VAT specialist accountant can help businesses to correctly calculate and file their VAT returns, as well as advise on VAT planning and compliance.
A VAT specialist accountant is a highly trained and experienced professional who specializes in all aspects of value-added tax (VAT). They work with businesses of all sizes to ensure compliance with VAT laws and regulations, and advise on the most efficient and effective way to manage VAT. They also work closely with HM Revenue & Customs (HMRC) to ensure that businesses are paying the correct amount of VAT.
- VAT zero-rate
- VAT standard rate
- Reduced VAT rate
Different Rates of VAT
There are 3 VAT schemes that are applicable to VAT-registered businesses and are used against different types of supplies in various industries. It is important that you know which VAT rate applies to which items you are making a claim for as an error on your return could be flagged as fraud by HMRC.
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Speak to one of our VAT accountants to get more information.
Future Proof Accountancy Software
Preparing and producing your returns using up-to-date, cloud accessible, and making tax digital compatible accounting software to help manage your business with ease. Our software takes regular backups to keep your records safe and secure and allows us to provide your business with easy-to-understand reporting.
Online accounting software that can help your business manage its finances and keep track of its records.
Award-winning accounting software to manage your businesses accounting, payroll, forecasts, and much more.
The UK’s leading provider for personal tax returns and year-end accounts.