| 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.
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