VAT
Real-Time Reporting and VAT Compliance Made Simple.
VAT filing
Let our specialist team of accountants take the hassle out of your VAT affairs so you can get back to business.
Yes, you have to!
VAT is compulsory if:
- In the last 12 months, your total VAT-taxable sales were more than £85,000. (The VAT threshold)
- You think your sales will be more than £85,000 in the next 30 days
Regardless of your VAT taxable turnover, you must register if all of these apply:
- You’re abroad
- Your business is abroad
- If you sell products or services to the UK (or expect to in the next 30 days)
No, its optional
Voluntary registration:
You may also choose to register if your annual sales are less than £85,000 or if you are just starting a business and expect to make several VAT-inclusive purchases that you can reclaim from the taxman. This will put you in a repayable situation with the HMRC, which will help your company’s cash flow.
We can help you register
Your business might be small, and getting VAT registered can seem daunting. But all will be taken care of by your dedicated vat specialist, who will inform you about new laws and rules. They will also sign you up for a suitable VAT scheme, handle the process of signing up, and look at how tax-efficient your business is. If your income is less than £85,000, you don’t have to register immediately, but it’s still good to prepare for the future.
How we work
Assessment of your industry/overseas trading
If you are looking to save, it is always recommended to analyse and consider your VAT scheme. Our VAT experts and tax advisors will analyse your industry and consider your circumstances, such as conducting business internationally; based on this, we will provide advice regarding the most suitable VAT scheme.
MTD VAT online accounting setup
We will ensure that your VAT returns are submitted and filed as quickly as possible. We are MTD compliant and will file your vat returns using our online accounting software solutions (when you join us, you will be provided with either Xero, QuickBooks, or FreeAgent depending on your requirements).
Filing your VAT return with the HMRC
Our VAT services will help you complete your return quickly and easily. You can rely on our expertise to manage your submission to HMRC regularly, taking the hassle out of submitting your returns.We will promptly remind you when your VAT returns are due and ensure these are prepared and filed to the HMRC on time; we will advise you if the business is in a payable or repayable situation. We will examine your expenditure and identify what is claimable from the HMRC on your return.
VAT Schemes
Flat Rate Scheme
The VAT Flat Rate Scheme ensures companies pay the same amount of VAT with less paperwork. The amount paid to HMRC depends on business type and customer fees. You keep the difference between what you charge and what you pay HMRC, and you cannot get the VAT back on purchases, excluding capital assets above £2,000.
Cash Accounting Vat Scheme
Customers who pay promptly but purchase on credit may prefer a cash basis since VAT is recouped sooner. You may choose an invoice-based payment system if your customers wait longer to settle their accounts, but you pay your suppliers immediately.
Standard Accruals Vat Scheme
Standard VAT accounting implies reporting financial activities as they happen, regardless of payment date. This might damage your cash flow since you must pay HMRC VAT on services or items supplied but not yet compensated. You may claim VAT on the invoice if you haven’t paid for products, improving your cash flow.
Software partners
Why choose us?
Industry specific
Our ICAEW-regulated accountants specialize in your industry, understanding both your business structure and the tools you use, from software to tax strategy.
Grow your business
Whether you're just starting or scaling up, we create custom growth strategies aligned with your goals, timelines, and market challenges.
Tailored bookkeeping solutions
We manage your day-to-day bookkeeping, easing your workload and providing accurate reliable records so you can focus on growth.
Integrate all your software
We connect your accounting to leading tools like Xero, QuickBooks, and stock systems, boosting efficiency through automation and expert setup.
All in one package
As a one-stop shop for all your business needs, we provide a full range of services, from bookkeeping to legal counsel, to ensure your business's success and sustainability.