Once registered for VAT, businesses must submit VAT returns periodically. Our service includes:
- Accurate VAT calculations: Calculating the VAT your business owes to HMRC or is due to reclaim, ensuring all transactions are accurately accounted for.
- Compliance with VAT schemes: Managing your VAT returns based on the specific VAT scheme you are on (Standard, Flat Rate, Cash Accounting).
- Submission to HMRC: Filing your VAT return on time to avoid penalties, while ensuring compliance with Making Tax Digital (MTD) rules for VAT.
- Record-keeping and adjustments: Keeping detailed records of VAT-related transactions and making necessary adjustments for errors or overpayments. By handling your VAT returns, we ensure compliance and accuracy, helping you avoid costly mistakes and penalties.