VAT Advice and Planning

We assist many of our clients in the preparation and submission of their VAT returns. All VAT registered businesses have to submit VAT returns online and pay any VAT due electronically. We can assist you in registering for this and can submit the returns on your behalf.

Most types of business or professional activity are obliged to register for VAT when their turnover exceeds the threshold limits. It is essential that these limits are not overlooked. Some clients are reluctant to become involved in the detailed record keeping required. We are able to maintain VAT records for our clients and prepare the VAT returns to ensure compliance with all statutory requirements.

VAT Schemes

Traditionally, VAT is accounted for on an invoice basis. Depending on your business model and cash flow you may find it more beneficial to use cash accounting.

Alternatively, have you considered the flat rate scheme? Many small businesses with minimal VATable expenses benefit from this scheme.

International and EC Trade

For clients who trade in the EC, we also assist with the preparation of EC sales lists and Intrastat filings.  We can ensure that you have the correct disclosures on your sales invoices and can provide advice on invoicing in foreign currency.

If you deal with imports/exports, it is important that certain evidence is obtained.  HMRC are specific about the forms of evidence required to support export sales.