VAT Returns
VAT regulations are strict, and the penalties for errors or late filing can be severe. Our VAT Return service covers the complete preparation and submission of your quarterly Value Added Tax returns. We review your operation of VAT to ensure compliance with the latest regulations and best practices, giving you peace of mind every quarter.
The purpose of this work is to assist you in your legal obligation to file correct returns with HM Revenue & Customs. We take the information you supply, calculate the VAT due (or repayable), and advise you on the specific amount to pay. We also act as the primary point of contact for the HMRC VAT department, dealing with correspondence so you don’t have to.
What Is Included?
FAQ's
When do I need to send you my records?
We ordinarily need to receive your VAT records within 12 days of the end of the VAT period. This ensures we have enough time to complete the work before the deadline.
What happens if I am late sending records?
If records are provided late, we cannot accept responsibility for any “default surcharge” or penalties that may arise.
Do you decide which VAT scheme I should use?
We can make recommendations about the use of Cash Accounting, Annual Accounting, or Flat Rate schemes, but the final decision and legal responsibility remain with you.
Who pays the VAT?
You are responsible for making the payment of tax on time. We will calculate the amount and advise you of the deadline.