VAT Services

VAT SERVICES

Getting the VAT right first time to avoid the penalties

VAT is one of the most complicated areas of taxation, especially when it comes to those running care based businesses as some services are exempt, some partially exempt and some not exempt at all.

And all this can often leads to mistakes that cannot be rectified at a later date.

VAT Services

I will prepare the necessary VAT returns whether monthly/quarterly/annually from your records. It is often easier to operate this service in conjunction with our digital bookkeeping service and indeed since 2022 it is now compulsory for records to be maintained in a digital fashion under the rules of Making Tax Digital (MTD). This is for those businesses that are VAT registered with a turnover in excess of £90,000.

Accurate VAT Returns

Accurate VAT returns are essential to mitigate any issues raised at a VAT inspection. I can also advise on the best VAT scheme to operate for your tax efficiency.