VAT
Returns Services
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Value added tax is one of the most complex and
onerous tax regimes imposed on business - so
complex that many businesses inadvertently
overpay or underpay
VAT.
The ever widening scope of VAT, the constant
stream of detailed changes to the regulations,
and the ever growing demands of HMRC call for a
trained professional eye to ensure that you do
not fall foul of the regulations and do not pay
HM Revenue and Customs more than you need
to!
We provide an efficient cost effective VAT
service, which
includes:
 |
Assistance
with VAT registration |
|
Acting as VAT
agent Acting as VAT agent and
providing a UK address as a point
of contact for H M Revenue &
Customs |
|
Advice on VAT
planning and
administration |
|
Use of the
most appropriate scheme |
|
VAT control
and reconciliation |
|
Preparation
and submission of VAT
returns |
|
Planning to
minimize future problems with
HMRC |
|
Completing EC
sales lists and other government
survey forms where
appropriate |
|
Attending VAT
inspections made by local customs
officers |
|
Dealing with
any miscellaneous correspondence
and telephone enquiries received
from H M Revenue & Customs in
relation to the
business |
|
Negotiating
with HMRC in disputes and
representing you at VAT
tribunals. |
VAT Registration
In the UK a business must
apply to be registered for VAT if its turnover,
within the scope of UK VAT, is in excess of
£64,000 per annum.
It may apply for voluntary registration where
anticipated turnover is below this threshold if
it can demonstrate a commercial reason for
requiring VAT
registration.
It should be noted, however, that to obtain
registration for VAT in the UK, the company
should be able to show that it is making a
taxable supply of goods or services in, or
from, the UK.
Aternatively the company should show that it is
making supplies abroad that would be taxable
supplies if made in the
UK.
In this case it is normally expedient to show
that the UK Company is generating input tax,
and does not have a tangible place of business
in any other country.
We can register appropriate UK companies
for VAT and provide VAT administration
services.
Registration is given at the discretion of
HMRC, and the process usually takes about a
month unless further queries arise during the
application process.
We cannot guarantee that a business will be
registered, or that it will continue to be
registered following an inspection of the
records. We will however, if required, advise
how problems can be
minimized.
To find
out how your business can benefit from our
range of Professional Financial Services
just call the free phone number
below and we will happily supply you with
more
information.
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