VAT

Are you one of the many business people who dreads completing your VAT return?

We are happy to simply review your records on a monthly/quarterly basis before you submit your VAT return, alternatively we can review and submit the return for you.  We even have some clients who do not have internet access so prepare their own return and bring it to us for submission.

If you are on a Cloud based bookkeeping system the review of your VAT return is part of your regular Cloud Review.

Some clients prefer us to do all their bookkeeping in which case they will be sent their VAT return for review prior to submission.

Whilst the majority of clients are on quarterly returns, some do have monthly or even annual returns.

We can also advise with regard to the flat rate scheme.

If you are not registered for VAT but your trade is VATable then unless we carry out all your bookkeeping on a monthly basis we are unable to keep track of when you are liable to register for VAT.  Whilst we will advise when preparing annual accounts if you are nearing the limit it is your responsibility to keep track of turnover.

VAT thresholds can be checked on the HMRC website at:  www.gov.uk/vat-registration-thresholds