Why a business need VAT Returns?
If your company’s turnover is more than £ 85,000 which is VAT threshold then you may have to register for VAT. In such a case, you will have to submit a VAT return to HMRC, usually each quarter.
However, even if you are not required by law to register even then sometimes it be beneficial for you to register voluntarily. You can ask us for free advice if you are not sure whether to register or not. We will guide can guide you on the phone, through email or direct chat on our website.
Completing your VAT Returns
Filing of VAT return and dealing with HMRC has become a more technical job as the MTD regulations have been now enforced. Every VAT registered person will require to file their VAT return electronically with every sales and purchase transactions. In this scenario, you need the services of a well-experienced accountant with whom you can easily communicate and exchange documents and information. If you use a bookkeeping software package then more than likely it will have the ability to submit your VAT returns electronically based upon the bookkeeping you have completed.
However, VAT can be a very complex area and sometimes it can be worth outsourcing the completion of your VAT returns to professionals. This is where we come in!
We not only complete your VAT Returns just by putting the figures from your books and record but review your all transaction and advise you on the inaccuracies in your accounting system and the information you have gathered.
Services we provide:
- Complete bookkeeping services
- VAT Registration
- VAT Return
- Attending HM Revenue investigation team