VAT (Value Added Tax) can be difficult to understand, and the regulations surrounding it are constantly changing. There are many rules and exceptions to navigate, but with our help, you can be sure that your VAT obligations are met without costing you the earth.
We will check you are on the right VAT scheme as the wrong scheme could be costly to your business.
If you aren't registered yet, we will keep an eye on your turnover to advise when you need to register.
It may be beneficial for you to voluntarily register for VAT and you don't even know it. We will look at this and let you know the benefits. CIS subcontractors especially - this is for you!
We cover all schemes HMRC offer such as:
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Cash - Pay when you get paid
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Accrual - Pay based on invoice dates
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Flat Rate - great for businesses that do not have many expenses.
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Margin scheme - covering industries such as the motor trade
