Accuracy of the whole financial statements depend on the accuracy and efficiency of VAT computation. If the business turnover is more than the VAT threshold specified by HMRC, then you must have to register your business for VAT. You need to register the business for VAT choosing the appropriate scheme. S&H Accountants can assist you selecting of the return period and submit the VAT return monthly, quarterly or annually. Failing to submit the VAT returns on time may cause you late filing penalties and interest.
Our experts will advise if you need to or if it would be beneficial to register. Completion of the VAT registration forms and formalities and advise on the best VAT schemes to use suitable to your business.
We carefully process your bookkeeping and check that everything is in order to ensure all the VAT your business has charged is claimed for. We’ll then send you the accurate figures which you can submit to HMRC.
We pay attention to ensuring that we are claiming for all VAT your business has incurred, ensuring you pay as little VAT as possible to HMRC. Once we are happy that the bookkeeping is accurate, we will review your businesses circumstances to see if any recommendations can be made to you.
If you need to more information about VAT registration and VAT return, please call us on 0161 222 4155.