If you are a new start-up, we can help you decide on whether you need to register or not, advantages, disadvantages and everything in between, helping you make an informed decision to suit your needs.
We will also keep track of your business performance and advise if you are legally obliged to register for VAT. On the other hand, we can also see if you would benefit from de-registering from VAT, should it be better for your business.
If you are an existing business, we can register and handle all the paperwork for you. We can take over your VAT preparation and submissions to HMRC to ensure that you meet your statutory requirements with regard to VAT.
There are a number of schemes available to businesses registering for VAT. We can review your business and advise on selecting one of the schemes, should it be feasible and beneficial for your business. Some schemes may reduce the admin requirements and even save you some tax, so it is well worth at least exploring what is available.
We can do your bookkeeping and VAT or simply produce the VAT based on your completed bookkeeping. We will ensure that you can make use of all allowable VAT deductions to reduce your VAT bill, especially on complex expenses such as motor running costs. We will register ourselves as your registered agent for dealing with VAT and liaise with HMRC for any queries and correspondence.
Any late, incorrect VAT returns and VAT payments may attract penalties, so to avoid wasting your hard-earned money on penalties and interest, allow us to take care of your VAT. We can assure peace of mind and more time to focus on key areas of your business.
Typically, the due date for filing VAT returns and paying the VAT due is one month after the end of the VAT period. Most businesses choose to submit their VAT returns online and pay the VAT on that return electronically. Here at Path Tax Accountants, we can relieve you of the VAT return burden by completing and filing your VAT returns on your behalf.
To learn more, please do not hesitate to get in touch and contact us today.