VAT Services

What should you know about your VAT obligations

VAT Services

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:

  • If you had sold something on behalf of someone and you received commission for it, you would need to include it in your VAT return
  • If you had supplied anything to your staff

Monthly VAT returns

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

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.

VAT Planning

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.

VAT Registration

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.

Additional Funding Opportunities

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! 

Additional Information About Your VAT Return

VAT Return VS Tax Return

A VAT Return and a Tax Return are two different things so don’t get them confused. Where a VAT return is most commonly calculated in quarters, your tax return will be filed once a year through a completely different return.

VAT Return VS Tax Return

A VAT Return and a Tax Return are two different things so don’t get them confused. Where a VAT return is most commonly calculated in quarters, your tax return will be filed once a year through a completely different return.

Late Return

If you are late with filing your VAT Return, you will incur a surcharge which is set at 5%, if you continue to be late with your return then this goes up to 10%. You will also be charged interest straight away.

Late Return

If you are late with filing your VAT Return, you will incur a surcharge which is set at 5%, if you continue to be late with your return then this goes up to 10%. You will also be charged interest straight away.

For any help or advice please contact us:

Get in touch today to discuss your VAT needs

For any additional information on: 

  • our services
  • our fees 
  • additional support 

Just fill out the contact form with a short message about what your query is and one of our experts will get in touch with you. 

Take advantage of our FREE 1 hour consultation for any additional services that you’d like to take advantage of today. 

Quick links to our services

Get In Touch Today

We would love to give you more information about our monthly packages

Find out more about:

  • The list of services we offer
  • How quickly we can have you set up 
  • A free consultation to go through all of your requirements