VAT Returns

If you’re a VAT registered business, then providing accurate and timely VAT returns is absolutely essential. But this isn’t always an easy task for business owners. We know how time can fly when you’re running your own business, and it’s amazing how quickly those VAT returns can sneak up on you! When they do, the calculations can be very complicated and incredibly time-consuming. And if you get it wrong, you can be hit with significant penalties, while any subsequent investigations into your business can be a very stressful experience.

So why take on the responsibility yourself and increase your workload, when you can let the experts do it for you?

Accurate VAT Returns, Delivered On Time, Every Time

The team at Accounted For Ltd possess years of experience helping a wide range of companies with their VAT returns, and we’d like to do the same for you, too!

We’ll make sure that your VAT returns are correctly prepared and submitted to HMRC within the relevant timescales, ensuring that you’ll never get hit with expensive fines for late filing. As part of the service, we can also offer advice and guidance on the correct VAT schemes to sign up to, so that you’ll be able to maximize your cash flow.

So whether it’s VAT returns for the flat-rate scheme, annual, retail, cash accounting, or even for a one- off property project, we’ll take care of them for you, so you won’t need to worry.

Also, if you choose our monthly bookkeeping services, there will be no huge panic when those VAT returns come about, because we’ll have all the information in place, and ready to go!

Here are just some of the ways our VAT returns service can help you...

• Advise you on the appropriate VAT scheme
• Register your business for VAT
• Handle your bookkeeping and calculate your VAT liability
• Provide training should you wish to take a more hands-on approach to completing your VAT returns, either manually or with the use of our current software
• Calculate your VAT and then submit your VAT return to HMRC
• Ensure that your VAT returns are filed correctly, and on time, so you don’t receive any late filing penalties

Do You Need To Submit VAT Returns?

If you’re not sure whether or not your business needs to be registered for VAT, here are some handy pointers...

You’ll need to register for VAT if any of the following apply to your business:

• The VAT registration limit is currently set at £73,000 per year.  So if your taxable turnover has reached this limit in the previous twelve months, then you’re legally obligated to register... (Correct as of September 2011)
• Similarly, if you haven’t reached this turnover figure yet, but you believe that you will within the next 30 days, then you should also register for VAT... 
• You have purchased or taken over a company whose turnover has reached the registration limit, or is expected to so within the next month...
• You have purchased goods from other countries within the European Union to a value that exceeds the registration limit in one calendar year...

If you’d like more information about VAT returns, or you’d like to speak to one of our team, then why not contact us today for a free, no-obligation consultation... 02920 49 88 00