VAT Return & Registration
If you are just starting out, we can help you decide whether you need to be VAT registered from the outset or not. We will continue to monitor your situation, so that should it become obligatory for you to register for VAT, we can deal with all of the paperwork for you. In contrast, we will also monitor your position for when we think you are able to and would benefit from deregistering.
Whether a new or existing business, we will also look at the VAT
schemes you are eligible for and establish whether you would be
better off adopting one or a mixture of them. Some VAT schemes can
lead to tax savings and a reduction in bookkeeping responsibilities.
At South West Accountancy can prepare your VAT return; either from
your own bookkeeping records or we can take care of your record
keeping and the VAT return. And we will try to ensure that you claim
as much VAT as possible; particularly on contentious items such as
mixed use expenditure and motor running costs.
As with other areas of tax, we can act as your Agent for VAT purposes
and therefore correspond with HMRC or your behalf. Paper
VAT returns are pretty scarce now but our software also allows us to file your business VAT returns immediately online with HMRC.
Needless to say, late VAT registration, errors, late VAT returns and late VAT payments can all lead to penalties and possibly interest being charged. So allowing us to take care of your VAT affairs, not only gives you peace of mind, but it should also avoid you wasting your hard-earned cash on penalties and interest.
For VAT registration we can provide you help with
- Advising if you need to register for VAT (compulsory registration) or if it would be beneficial for your to register (voluntary registration)
- Advise about optimal VAT schemes suitable for your particular business
- Completion of VAT registration forms and requirements
At South West Accountancy were are equipped with the skills required to best advise you about your VAT responsibilities if you an entrepreneur who is just setting up a new business or you have trading for many years. We can also assist you with VAT registration.
