Don’t like VAT? Don’t worry nobody does.
accountaxlegal soothes the pain of endless paperwork, missed deadlines, keeping track of rules, and staying VAT compliant.
It’s an activity that adds no value to the business but if you get it wrong it can land you in a whole heap of trouble.
As far as we’re concerned there’s no upside to VAT and a significant downside so why would you chance it?
Get it right from the start
The best way to start off with VAT is to get it right from the get-go.
Understanding when is the correct time to register, what scheme you should be on and how to account for VAT are all key to making sure you are set up to cope.
We work with businesses to make sure that their VAT set up is optimal. Taking time to understand your business and how it will develop in the future, we’ll advise on your registration and show you how to set up your systems.
(Incidentally, if you are a bookkeeping customer then we’ll do this for you automatically).
eme at all times and should you get a call from the dreaded VAT inspector then we’re here to deal with it. Depending upon what scheme you’re on we’ll prepare and submit your return every month, quarter or year to keep you up to date and on the right lines.
And we’ll advise on things like the treatment of overseas sales, self-billing, staff expenses and all manner of VAT issues than need to be considered.
In short, we’ll make sure your VAT is right so you don’t end up with a penalty.
What is VAT return.
A VAT Return is a form you fill in to tell HM Revenue and Customs (HMRC) how much VAT you’ve charged and how much you’ve paid to other businesses.
You usually need to send a VAT Return to HMRC every 3 months. This is known as your ‘accounting period’.
If you’re registered for VAT, you must submit a VAT Return even if you have no VAT to pay or reclaim.
What you get with accountax
Full Assistance with VAT Registration
Dedicated Accountant
Tax Optimisation
Accurate. On Time
Unlimited telephone & email support
Making tax digital
Making Tax Digital or MTD as it is more commonly known is HMRC’s flagship digitisation program.
In essence, HMRC is trying to move everyone to doing everything online and they started with VAT.
Which is great because it’s cheaper, quicker and more efficient. Unless…
You’re one of the many thousands of small businesses that don’t have a compatible accounting system, in which case you’re going to need help.
Our MTD advisory service will help you decide how to move forward with MTD.
We’ll look at your systems and let you know if they can be upgraded or if you need a new solution.
If you don’t have a system then we can talk over your options, whether that be one of the reasonably priced and compliant systems we offer or our very competitively priced bookkeeping solution
VAT is one thing you don’t want to take a chance with
We can’t emphasise enough how important it is to get your VAT accounting right. Whether you simply need a little bit of a helping hand or you want to take advantage of our full bookkeeping and accounting offer why not give us a call now?
How will we charge for VAT returns ?
VAT returns are an add-on service to our accountancy packages. The quote you receive will also include the cost of your accounts and tax returns.
If your VAT affairs are particularly complex there may be an additional charge. Don’t worry though, all fees will be agreed up front before any work takes place.
From Just
£25.
Per / month
Stress Free VAT Registration
VAT registration service
Click Buy Now button and complete the application form with your details.
From Just
£49.99
Our free UK VAT calculator allows you to calculate your value-added tax rate backwards, add or extract VAT from a given price.
VAT Calculator
Our free UK VAT calculator allows you to calculate your value-added tax rate backwards, add or extract VAT from a given price.
First, let’s fill out some numbers. Type in the gross sum, pick your VAT percentage and VAT calculation operation.
UK VAT Checker
Use this UK vat checker tool to check: if a UK VAT registration number is valid; the name and address of the business the number is registered to.
How will we charge for VAT returns ?
VAT returns are an add-on service to our accountancy packages. The quote you receive will also include the cost of your accounts and tax returns.
Which VAT scheme should you use?
It varies and depends on some certain factors. Feel free to contact us for further guidance.
Do I need to register for VAT?
Whether you need to register for Value Added Tax (VAT) in the United Kingdom depends on several factors, including your business's annual turnover and the types of goods or services you provide.
How to register for VAT?
First, assess whether your business is required to register for VAT based on your taxable turnover (sales subject to VAT).
VAT deadlines and penalties
VAT returns must typically be submitted to HM Revenue and Customs (HMRC) on a quarterly basis, although some businesses may have different VAT accounting periods.
VAT RATES
The standard VAT rate in the UK is 20%, which is applicable to most goods and services. There is also a reduced VAT rate of 5% for specific items such as certain health products, fuel, heating, and child car seats.
What’s is the VAT deadline for submitting my return online?
The deadline for submitting your VAT return and payment to HMRC is usually one calendar month and seven days after the end of the VAT accounting period. For example, if your VAT quarter ends on June 30th, the deadline for submission and payment is August 7th.
It's important to file and pay VAT on time to avoid penalties.
Dedicated 2 person Team
They will be your point of contact if you require any help along the way.
Tax Optimisation
Regular tax efficiency reviews to reduce your tax bill
Regular reminders
We send regular reminders prior to submission. We'd hate for you to be late!
Save Time
We want to give you back your time. No need to waste hours going through receipts and statements.
Free Accounting Software
Our easy-to-use free accounting software makes it easy to send out invoices and keep track of expenses.
Helping you save time and money whether you are a freelancer, sole trader or limited company.
step 01
We send you a reminder
We will request certain records from your business to help our team of specialists prepare your accounts. Our systems are automated with built in capabilities to make sure the risk of missing a deadline is reduced.
step 02
Accounts preperation
Once you have provided the information, your dedicated accountant will prepare the accounts. This will be in a timely manner, providing you with flexibility. We have a rigid set of internal controls prior to finalizing the accounts, reducing the possibility of errors.
step 03
Review and approve
Once your dedicated accountant has finalized your tax return, an independent Senior Accountant will also review.Our team will then request you to give the final approval prior to submission.
step 04
Submission
We will submit your accounts and tax returns to HMRC via the online portal on your behalf - that is one less password you can remember now too!
accountax 360
Looking for information on our other accountancy services?
What our clients say about us!
Get in touch
Skip the form and talk to someone right now
Speak to us now on: 03300431232
Email us at: [email protected]
VAT Returns Resources
Free Guide MAY 24, 2022
Why Business Owners Need an All-in-One Accounting Dashboard
READ MORE
Latest News MAY 24, 2022
Invoicehub, Create your invoice easy and no login required
Watch video
Useful Forms MAY 24, 2022
RR Accountants is a leading accountancy firm based in the UK, serving self-employed ,contractors, limited companies,
READ MORE
A ROBUST FINANCE FUNCTION FOR THE FRACTION OF THE COST
A COMPLETELY OUTSOURCED FINANCE DEPARTMENT
We’ll take care of everything for you, giving you your own finance team for the fraction of the cost and hassle of bringing it in-house. We’ll free you to focus on growth, supporting it with rich data, insight and friendly professionals in your corner.
Accountax - your trusted partner for expert accountancy services in the UK.
Address :7 Bell Yard,
London, England,
WC2A 2JR
Phone: 03300431232
Email: [email protected]
© accountax 2023 All rights reserved.
Technology Provided by Digital Ignite