Local VAT return accounting
VAT isn’t just about adding 20%, there are rules and regulations, thresholds and penalties. VAT-registered businesses are also now mandated to report using Making Tax Digital (MTD) compliant software.
ADDING VALUE TO YOUR VALUE ADDED TAX (VAT) RETURNS
Expert VAT accounting services
VAT rules and regulations can feel complicated. It’s essential to register and report your VAT accurately and on time, and that’s where our experts come in. As part of our bookkeeping service, we help you navigate the complexities of VAT, ensuring your business meets its obligations smoothly.
We can make your VAT obligations easy by:
- When your business reaches the VAT threshold, we’ll get you registered and set up to file returns with our VAT registration service
- We’ll prepare accurate VAT returns based on your accounts
- We’ll advise you on finding the best VAT schemes for your business
- We’ll ensure your processes are digitised, and Making Tax Digital (MTD) compliant
- We’ll continue to provide guidance with our VAT consultancy service, answer your VAT queries, and support you through any VAT inspections
Our VAT support is integrated into our bookkeeping service, giving you peace of mind that your VAT returns are accurate, based on up-to-date data, and your obligations are met correctly and on time, so you avoid unexpected penalties.
Why you need VAT return services
VAT is more than just a figure you apply to your services, it’s about knowing what applies and what doesn’t, and ensuring your returns are accurate and on time. It’s a lot to remember – but our experts at Pier View Accounting are here to make VAT easy by integrating it into our bookkeeping process.
Some important things to bear in mind include:
- It’s required once you hit the VAT threshold
- There are penalties for incorrect or late submissions
- Some VAT can be reclaimed on business expenses
- You need to create regular quarterly reports
- Reporting helps avoid surprise bills or overpayments
Is your VAT-registered business Making Tax Digital (MTD) compliant?
We’ve got your VAT covered
We’ll help you register, calculate and submit your VAT returns properly every quarter. This involves:
- Checking if you need to be VAT registered
- Guiding you through the registration process
- Preparing quarterly returns based on your bookkeeping
- Making sure your VAT is recorded and applied properly
- Letting you know what to pay or reclaim
- Keeping track of deadlines and sending reminders
Benefits of using Pier View Accounting for VAT management
We provide accurate, reliable VAT support, from getting you registered to handling your VAT returns. This includes:
Filing your full quarterly VAT return your behalf
Taking the stress out of monitoring thresholds
Expert guidance on what you owe or can reclaim
Peace of mind that you’re following the rules
FAQ's
Frequently Asked Questions
You’ll only need to register for VAT if you pass the threshold for how much turnover your business has, but it’s worth applying voluntarily if you think you will pass it.
VAT can complicate accounting, but it’s essential to keep all of your records in line. We work with you to show you how to charge for VAT on invoices and keep records.
Yes, anything that you buy for the business whether it’s a service or a product that has VAT charged on it can be deducted from the amount of VAT you owe HMRC.
VAT needs to be filed quarterly in most cases and paid in similar increments, but we’ll keep track of everything for you so you never fall behind.
PARTNER WITH US
We provide expert help with VAT registration & returns
With Pier View Accounting, you can be confident that your VAT reporting is accurate and on time, that you’re reclaiming all possible VAT where applicable, and that you’re not going to get any penalties or late fees. From registration to MTD for VAT quarterly submissions, we’ll help you stay on top of your VAT and keep HMRC happy.
Whether you’re looking for dependable bookkeeping in Clevedon, or the best VAT accounting in North Somerset, contact us for a no-obligation conversation about your requirements or challenges – and see how we can help you today.
