VAT SCHEME
We can prepare accounts for sole traders, partnerships, limited companies and charities. With the aim of adding value to your business entities, the preparation of the annual accounts gives us the opportunity to
• Review financial and management systems
• Identify problem areas: strength, weakness, opportunities and threats
• Recommend improvements to your business, as well as help you implement agreed solutions.
• Compile with statutory requirement
VAT registration
VAT registration for New and existing businesses. VAT returns – preparation and submission to HMRC Advice HMRC inspections and investigations on agreed terms.
(VAT Payable
In principle, VAT applies to all provisions of goods and services. VAT is assessed and collected on the value of goods or services that have been provided every time there is a transaction (sale or purchase). The seller charges vat (Output Tax) to the buyer, and the seller pays this vat (Input Tax) to the government after deducting the VAT he paid to procure the goods and services(VAT Payable)
VAT regulations
VAT regulations are a complex process which imposes a tremendous administrative burden on businesses. Added to this there are rigid system of penalties and interest charges for mistakes and the late submission of returns.
The Service that we provide to comply with the VAT regime is very cost effective which is designed to relieve you of this burden. In addition to providing a comprehensive bookkeeping and VAT accounting service, we can also assist you with:
The Service That We Provide To Comply With The VAT Regime Is Very Cost Effective Which Is Designed To Relieve You Of This Burden. In Addition To Providing A Comprehensive Bookkeeping And VAT Accounting Service, We Can Also Assist You With:
To know the pros and cons of voluntary registration
Rules relating to compulsory registration
Exploring legitimate ways to maximise benefit from the rules on de-registration
Advice on VAT planning and administration
Circumstances relating to partial exemption
Time limits for delaying VAT payments
Application of flat rate VAT schemes
To administer VAT control and reconciliation
The regularity with completing VAT returns
Know the concept of VAT on imports and exports
HMRC’s visits and VAT control
Legitimately Negotiating with HMRC in disputes and representing you at VAT tribunals