It is crucial to know when your business might need to become registered for VAT. Getting this wrong can turn out to be a very expensive mistake to make.
Completing the dreaded VAT return does not need to be quite so onerous if your bookkeeping is set up correctly.
There are also various VAT schemes available to alleviate some of the more burdensome requirements.
Not yet registered for VAT?
As part of my regular bookkeeping service I can monitor your turnover against current VAT registration thresholds, or I can undertake a review for you on a one-off basis.
Should it become necessary, I can ensure you identify the correct VAT registration date and assist you with the VAT registration process.
I will also advise you on the operational requirements you need to meet once your business is VAT registered.
I can complete your regular VAT returns and submit them to HMRC on your behalf.
Where applicable, I can also make recommendations about the use of cash reporting, annual accounting, the flat rate scheme and other suitable methods of reporting VAT.
I can also review how you invoice your customers and how you reclaim input tax to ensure compliance with current VAT regulations.