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VAT return

Professional VAT Returns at Affordable Price

galochka Dedicated VAT specialist

galochka Quick VAT return preparation

galochka No need for any book-keeping software

galochka We deal with your VAT return inspections if necessary

galochka Full account reconciliation

galochka Online submission on your behalf

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Over 4,000 completed VAT filings per quarter
for our clients inaround 70 countries

Our multinational team always stays up-to- date on the VATlegislation and compliance issues in all countries.We deal with companies with multiple registrations.

 

What do you need to know?

 

Why does a business need VAT Returns?

If your turnover is more than the current VAT threshold then you may have toregister for VAT. If this is the case then you will have to complete and submit a VATreturn to HMRC, usually each quarter.However, even if you are not required to register it can sometimes be beneficial toregister voluntarily. Deciding whether you have to or should register can beconfusing but don’t worry, help is at hand. We can talk this through with you andensure that you receive the best advice possible based on your circumstances.

 

Completing your VAT Returns

If your VAT Returns are relatively simplistic then in certain circumstances it maymake sense for you to complete them yourself. We can advise you on whether youshould feel comfortable filing your returns on your own.If you use a bookkeeping software package then more than likely it will have theability to submit your VAT returns electronically based upon the bookkeeping youhave completed.

However, VAT can be a very complex area and sometimes it can be worthoutsourcing the completion of your VAT returns to professionals. This iswhere we come in!

 

What is the process?

When we complete your VAT Returns we do not just take the figures from yourbookkeeping and submit them to HRMC. We start by reviewing your bookkeeping,because if there are any inaccuracies then this will mean that the VAT Return mayalso be incorrect.

We pay particular attention to ensuring that we are claiming for all VAT yourbusiness has incurred, ensuring you pay as little VAT as possible to HMRC. Oncewe are happy that the bookkeeping is accurate we will review your businessescircumstances to see if any recommendations can be made to you.

These recommendations range from advising you to de-register for VAT if you fallbelow the threshold, to ensuring you are on the most beneficial VAT scheme for yourbusiness. So for example, if your customers tend to take a while to pay you after youraise your invoices but you pay your suppliers straight away then we mayrecommend cash accounting for your VAT as this would vastly improve your cashflow.

Once the recommendations have been considered, another Senior Accountant willbe given your work to double check that everything is accurate. Once confirmed, youwill be sent the figures to review and once everyone is happy we will submit the VATReturn to HMRC.

This thorough process ensures that there is a vastly reduced risk of errors, keepingyou and HMRC happy! It also ensures that you do not pay a penny more in VAT overto HMRC than you have to!

 

What if I get a VAT inspection?

Another great benefit to asking us to complete your VAT Returns is that we will acton your behalf should HMRC decide to investigate your VAT affairs.

HMRC can launch an investigation into your VAT affairs either at random or becausefigures you have submitted to them do not look correct. They also conduct VATinspections more frequently for industries that are more likely to to submit inaccuratereturns or for industries that tend to have complex VAT affairs.

By appointing The Accountancy Partnership to handle your VAT Return calculationsand submissions you will have peace of mind and confidence in your figures in theevent you receive that dreaded letter through the mail!

 

How much does all this cost?

To act on your behalf for VAT and to complete your VAT Returns our standard priceis ‚£15 per month.However, if your VAT affairs are particularly complex and therefore more involvedthen we may charge a bit more. As always,all fees are agreed up front before anywork takes place.

 

Getin Touch to find out how We can help