As a business owner it is difficult to keep up with all the changes to the VAT laws, we ensure you are compliant with all the changes which apply to your business
Getting the calculations correct is also a challenge. Knowing all the things you can claim back and avoiding claiming back those which are disallowed can be a mine field. For instance you cannot claim VAT on a lunch meal with a client or clients, yet it is possible to claim it if your client or clients is from overseas.
We can advise as to whether you should be voluntary VAT registered if you are under the minimum turnover threshold and which type of registration you need. It is compulsory for all businesses with a turnover of £85,000 or more to be registered whether they want to or not!
HMRC have decided to launch Making Tax Digital in April 2019 and returns will have to be filed using software online. Ask us for more details