Value Added Tax (VAT)
Value Added Tax (VAT) is one of the most complex and onerous tax regimes imposed on businesses and whether you are a one-man band or a large corporate organisation, our team can help you make registering and submitting VAT returns simple.
We can assist you in all areas of VAT, ranging from:
- Construction projects
- Land Transactions and opting to tax
- DIY claims
- EU transactions
- Capital expenditure
- VAT registration and deregistration
- Use of the most appropriate VAT scheme
- VAT audit and health checks
- Disputes with HM Revenue & Customs (HMRC)
- VAT compliance
- Domestic Reverse Charge
Whether you are considering voluntary registration, are legally required to register for VAT, or just want to talk through your needs, we can discuss the best options for your business. Your business sector and the goods and services that your business provides will impact not only on the VAT rate that is charged, but also how the VAT is calculated and subsequently reported to HMRC.
We can advise you on which VAT scheme to use and ensure your business is using the most beneficial scheme.
There are a number of VAT schemes including:
- Annual VAT Accounting Scheme
- VAT Flat Rate Scheme (FRS)
- VAT Cash Accounting Scheme
- Capital Goods Scheme
- VAT Retail Schemes
We will also ensure that your business is Making Tax Digital (MTD) compliant.
Our VAT experts have technical knowledge and years of practical experience, which allows them to address all of the above. We will work closely with you to provide timely and cost-effective solutions to suit your business needs.