Value Added Tax (VAT) is one of the most complex aspects of the UK tax regime, putting a large burden on businesses that are obliged to file regular returns with HMRC. There is an onerous penalty regime and the prospect of investigations which are unfortunately not uncommon, given how complicated the tax rules can be.
The world of VAT has an ever-changing landscape, and the recent introduction of MTD (Making Tax Digital) has added to the complexity of an already convoluted tax system.
We can offer expert advice and practical support in managing your VAT affairs, including assistance with registration (or de-registration) and choosing which VAT scheme is most appropriate for your business. We also assist clients, who do not wish to migrate to a full-blown digital accounting system, to file their returns using bridging software.
Contact us today to discuss how we can help your business.
Call us or send a message and we will arrange an informal conversation with one of our partners so we can get to know more about your needs.