You take the credit, we process the debit

Offices

0208 004 2244

Main-Banner

Value Added Tax (VAT) being the third largest source of income to the UK is an area of significant importance. It is regulated and administered by the HM Revenue and Customs. It is therefore vital to be accounted accurately and submitted on time.

SEARS Chartered Certified Accountants team is experienced and has broad knowledge in VAT. We can provide practical solutions for your business and advice you on the right method of VAT to use for your business.

The different tax schemes that we can assist you with are as follow:

  • Flat Rate Scheme
  • Standard VAT accounting
  • Cash Accounting Scheme
  • Annual accounting VAT scheme

We can also handle several VAT issues on your behalf including:

  • Digital VAT return preparation and submission
  • Marginal schemes
  • Attending VAT investigations
  • Dealing with HMRC disputes on your behalf
  • VAT on imports and exports
  • VAT registrations/de-registration

You usually submit a VAT Return to HM Revenue and Customs (HMRC) every 3 months. This period is known as your ‘accounting period.’

The VAT Return records things for the accounting period, such as:

  • Your total sales and purchases
  • The amount of VAT you owe
  • The amount of VAT you can reclaim
  • What your VAT refund from HMRC is

You must submit a VAT Return even if you have no VAT to pay or reclaim.

Copyright ©. 2021 searsaccountants. All Right Reserved. Created By: Phoenix Digital Management