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VAT Returns and Making Tax Digital

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

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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?

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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

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Sign up

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Stress Free VAT Registration

VAT registration service

Click Buy Now button and complete the application form with your details.

From Just

£49.99

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Online VAT Calculator for UK Businesses

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.

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.

VAT FAQ’S

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.

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What else is included in our accountancy packages?

If you have any questions about our services please call us on 03300431232

Unlimited Support , Online. By phone. In person. We don’t restrict how and when we work for you.

Never any hidden costs.
All returns and filing include.
Real-Time Bookkeeping.
Management reports.

Mobile app to invoice customers & upload receipts

Why go accountax for your Accountancy services

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.

And much more

What's the process for completing your accounts!

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!

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Looking for information on our other accountancy services?

What our clients say about us!

Maz

Director,

accountax are the best in the business. Professional yet courteous. Always ready to help and put your mind at ease. Recommend them!

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Speak to us now on:  03300431232

Email us at:  [email protected]

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Accountax - your trusted partner for expert accountancy services in the UK.

Address :7 Bell Yard,
London, England,
WC2A 2JR

Phone: 03300431232

Email: [email protected]

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