VAT Returns

If your business has a turnover above the VAT registration limit, with very few exceptions, you will need to register with HMRC for VAT, in some circumstances, particularly if you mainly work with other VAT registered businesses, it may be beneficial to voluntarily register for VAT even if your turnover is below the registration limit. TaxSmart can help you with this decision and explain all the pros and cons.

The TaxSmart team can help you with all aspects of the VAT process – from initial registration to completion of the quarterly VAT returns. We will ensure you are registered for the most appropriate VAT scheme and monitor this to make sure you keep on the most beneficial scheme.

We can prepare your VAT return; either from your own bookkeeping records or we can complete both the bookkeeping and the VAT return on your behalf, making sure you claim as much VAT expense as possible to minimise your VAT bill.

HMRC levy penalties and interest for late VAT registration, errors and late VAT returns. But with us taking care of your VAT affairs, you can have peace of mind knowing that the returns are being completed correctly and in a timely fashion.