Value Added Tax
It’s here. Making Tax Digital (MTD), HMRC’s first step to a digital accounts system.
Our clients are 'digital by default' meaning they are set up for MTD from day one.
We’ll make sure your business is compliant with all regulations, so you’ve got a solid foundation for growth.
VAT can be difficult to understand because there are many rules and exceptions to navigate. Failure to comply with these rules can result in fines and other issues.
With our help, you can be sure that you are entirely compliant with the VAT rules.
Our experienced team can ensure you’re getting the most out of VAT, and can also advise on your individual circumstances and whether there may be beneficial schemes available to you.
At present, businesses with a taxable turnover of over £85,000 in a 12-month rolling period must register for VAT; this includes both Limited Companies and Sole Traders.
However, if your turnover is under £150,000, there are VAT scheme options available to you.