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Ever changing regulations and growing demands of HMRC mean that VAT compliance can be a difficult and time-consuming administrative process, distracting you from running your business.
We can assist you to ensure that you comply with the regulations and have time to do what you do best – drive your business forward.
To help you manage this complex area, we provide an efficient, cost effective VAT service which includes.
- VAT registration
- Advice on VAT planning and administration
- Completing and submitting VAT returns online
- Advice on use of the most tax efficient VAT scheme for your business
Require more information about VAT?
If you would like more information or would like to speak to us direct then call us on 01782 744144 or ask a question online.
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VAT news and articles
Making Tax Digital Extended To More Businesses
Currently only VAT registered businesses making taxable supplies in excess of the £85,000 VAT registration threshold are mandated to comply with Making Tax Digital (MTD) rules. Those rules require the business to keep digital business records and send VAT returns using MTD-compatible software.
VAT Reduced Rate Extended
The reduced 5% rate of VAT for goods and services supplied by the tourism and hospitality sector has been extended to 30 September 2021. To help support businesses further there will be a transitional rate of 12.5% from 1 October to 31 March 2022 with the standard rate of 20% applying from 1 April 2022.
VAT Deferral New Payment Scheme
Businesses that deferred VAT payments last year can join the new scheme to pay it in smaller monthly instalments.
If you deferred VAT payments due between 20 March 2020 and 30 June 2020 and still have payments to make, you can: Pay the deferred amount in full, on or before 31 March 2021; or join the VAT deferral new payment scheme – the online service opened on 23 February 2021 and is open until 21 June 2021
