You’ll have to submit a VAT return if your annual turnover is more than the current VAT threshold. (Although, you may benefit from being VAT registered even if it isn’t, and we can advise you on this).
These returns typically have to be submitted to HMRC every quarter (monthly and annual returns are also available).
The information to be included in the VAT return is usually found within your books, for example goods sold, purchases made and the VAT paid / not paid on these. The return forms the basis on what you need to pay – or sometimes claim back – from HMRC.
We can take care of completing and filing your VAT returns, ensuring they are filled in correctly and submitting them on your behalf. If we’re helping you with your book-keeping, either by setting you up on Xero or doing your book-keeping tasks for you, we’ll already have all the information to hand to ensure you are VAT compliant.
Services we provide around VAT and VAT returns include:
- Processing RTI filing
- Publish VAT reconciliations
- Spot check top 80% of claim to supporting records
- Making adjustments if required
- Advise on compliance matters
Completing and filing VAT returns can seem like a minefield and add a layer of complexity to already complicated accounting tasks. Let us manage the whole thing for you and we’ll make sure you are totally VAT compliant and your reports get filed on time.
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