If you are a business that supplies taxable goods or services, you will need to pay VAT on everything after your threshold of £85,000 has been met.
Here at HDH Accountants we can provide you with a top service for your VAT matters. Ranging from VAT Advice through to monthly VAT returns, we are certain that we can take good care of your VAT affairs.
Your VAT return can get quite complex especially as your business grows. It is crucial that you understand every section of the return so that you maintain compliance with HMRC’s regulations, this is something that you accountant can help you with.
You should always include the VAT that is due for everything that you supplied in terms of services and goods, this should all be relevant to the period that you are compiling your return for.
There are other areas of your business that fall under your VAT return that you may not have known, for example:
You can either submit your VAT return on a monthly or quarterly basis, many businesses will choose to file their return monthly to help with cashflow.
VAT advice is a crucial part of VAT services, it allows you to better understand your VAT position with HMRC. Here at HDH Accountants we offer a business health check-up so that we can find any potential issues in your business before the HMRC does.
There are a lot of schemes and reliefs out there so it can be quite difficult to navigate through all of the regulations and maintain compliance. If you are unsure about anything VAT related, it’s important to get specialist advice to not leave your business in a vulnerable position with the HMRC.
Unsure as to whether you should register for VAT? Voluntary registration for VAT can be quite beneficial in the long run for your business as it could potentially save you money however, it is always smart to get advice from experts.
There are many tax incentives, grants and funding initiatives available to UK businesses. Whether you’re a start-up or an established business, we can provide you with the crucial advice that will help you access additional cash to help your business grow. We are partnered with Counting King, an industry leading firm, that specialise in tax incentives that can support you with accessing additional funding support. Get in touch to find out more about what cash is available to you today!
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