If you’re just starting out, and you do not quite understand whether you require to register for VAT or not, we can help you decide by assessing your business and let you know whether your business benefits from early registration or wait until it is compulsory. And we will continue to monitor your situation, so that should it become obligatory for you to register for VAT, once we know you have reached on the required threshold we will inform you just that and process the registration process on your behalf. In contrast, we follow your returns closely all the way if you company is fall below the required threshold with the given period and we think you benefit from deregistration we will do that for you.
Whether you are new or existing business, once you gave us the responsibility to act as your accountant we will advise and choose the VAT scheme that is suitable and beneficial for your business, for example a VAT scheme that lead to a tax savings and a reduction in administrative duties.
Account Me In either prepare your VAT return from your own records or we can take all the recording duties from scratch and file the VAT return in time. As with other areas of tax, we can act as your Agent for VAT purposes and therefore correspond with HMRC or your behalf.
We would like you to be mindful of the consequence of late VAT registration, errors, late VAT returns and late VAT payments will all lead to penalties and late payment interest charges. So allowing Account Me In to take care of your VAT affairs, is not only give you a peace of mind, but it should also avoid you wasting your hard-earned money paid to HMRC on penalties and interest.
Value added tax (VAT) is one of the most complex and onerous tax regimes imposed on business today. The ever widening scope of VAT, the constant stream of detailed changes to the VAT regulations, and the ever growing demands of Customs and Excise regularly call for a trained professional eye to ensure that you do not fall foul of the regulations!
Our team of tax and VAT accountants here at Account Me In will take a pride in carrying out the following activities on your behalf:
- VAT registration services
- VAT planning and administration
- VAT schemes and how to use the most appropriate scheme for your business
- VAT control and reconciliation
- Completing of VAT returns
- VAT planning in order to minimise problems with Customs and Excise
- Negotiating with Customs and Excise, dispute resolution and representing you at VAT tribunals