Whether you are a small one man band or a large corporate business we are expertly placed to advise you how to handle all aspects of VAT.
Most importantly our VAT experts will ensure you are fully compliant with HM Revenue & Customs (HMRC) regulations and meet any deadlines to avoid any unnecessary penalties, leaving you to concentrate on running your business. Contact us today to find out how we can assist you and your business with VAT.
Whether you are considering voluntarily registering or you are legally required to register, our VAT team can help you understand the implications of this and the best options for your business.
We will help with the preparation and submission of VAT Returns and with Making Tax Digital (MTD). Let us help you, by taking away the administrative burden ensuring your VAT returns are accurate and submitted on time avoiding penalties and surcharges.
We will carry out a full VAT review of your business to ensure that the business is compliant, charging the correct rate of VAT, maintaining the correct records, whilst maximising the benefits of the various VAT schemes that are available for businesses to use.
There are a number of VAT schemes that could benefit your business, some of these include:-
- Annual VAT Accounting Scheme
- VAT Flat Rate Scheme (FRS)
- VAT Cash Accounting Scheme
- Capital Goods Scheme
- VAT Retail Schemes
Your business sector and the goods and services that your business provides will not only impact on the VAT scheme that could apply but also the VAT rate that you charge.
Please get in touch with our VAT team for advice regarding the different VAT Schemes and all VAT matters to allow you to focus on your business.
Making Tax Digital
Making Tax Digital (MTD) has been introduced as a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs. It will revolutionise the way that accounts are submitted in a new prescribed format and how data is sent to HM Revenue & Customs (HMRC). MTD will transform the way the tax system works so that it is more effective, efficient and easier for tax payers to use.
If you are a David Allen client we will ensure you meet HMRC’s requirements and fully comply with MTD. If you are not a client please get in touch for a free independent review.
We have put together some tips to help you get digital: