VAT is transactional and complex, which can affect your business if not implemented correctly
We aim to help businesses plan for their VAT return by forecasting and incorporating potential benefits prior to reaching the threshold. Our expert team of advisors also help current businesses to plan for the implementation of VAT.
- Business review to determine both risk and advantages for VAT savings
- VAT registrations
- VAT returns and payments
- Quartertly reviews
- Compliance with HM Revenue and Customs (HMRC) requirements
- Advice on VAT within a specific sector
Completing VAT returns can become very complex and time consuming, and for those required to submit digital VAT returns, compatible software is required. This is why the majority of small to medium business use accountants to handle their VAT Returns to avoid costly mistakes.
Our team have years of experience dealing with all VAT queries therefore positioned for making your business more efficient.
The VAT threshold remains at £85,000 up to 2021-22 however, businesses with turnover less than the threshold may still benefit from VAT registration. Talk to us to find out if becoming VAT registered could be beneficial for you.
Once registered, Correct Accountants will submit VAT Returns on your behalf to HMRC, keeping you up to date with your finances. Therefore, ensuring your business avoids unnecessary penalty charges. Our esteemed accountants will give you the very best VAT advice helping to keep your profit margin healthy.