Young & Co.

CHARTERED ACCOUNTANTS AND REGISTERED AUDITORS

 

 

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vat 

 

Value Added Tax (VAT) is a complicated sales tax imposed on most goods and services throughout the European Community at various different rates.  The standard rate charged on goods and services in the UK is 17½%.

VAT remains a complex tax in spite of several attempts to simplify it.  It is constantly being updated and modified and keeping on top of these changes can be a difficult task.

Starting a new business venture, doing something out of the ordinary or even just slightly altering your business could affect the amount of VAT you pay.

If your business generates UK taxable supplies of more than £60,000 you must become VAT registered.  If your business generates less than £660,000 you can join the Cash Accounting Scheme.


We can offer VAT health checks, which provide a complete review of your business together with useful planning for the future.

We can, through our bookkeeping services, prepare and submit your VAT returns for you, ensuring that you stay within VAT deadlines and timescales.

We can provide VAT help to include topics such as assessment reviews, property and construction, retail schemes, partial exemption, electronic filing etc.

We can offer assistance in all areas, such as VAT registration and de-registration applications, negotiating directly with Customs on your behalf, dealing with Cash Accounting, Annual Accounting and Flat Rate Schemes etc.

 

 

 

 

 


 

Registered to carry on audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales