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VAT Returns

Value Added Tax (VAT) is one of the most complex and onerous tax regimes that businesses have to deal with.

The administration of Value Added Tax (VAT) and the preparation and submission of VAT returns can be one of the most burdensome tasks that small and medium sized businesses can deal with.There are many factors to be considered from a VAT viewpoint:

  • You are self employed or a partner in a partnership.
  • You are a company director.
  • You have untaxed savings or investment income.
  • You own land or property that is being let out.
  • You have a capital gain liability.

HM Revenue & Customs staff are not responsible to advise you the best way to organise your tax affairs and minimise your tax liability.

Stewart Accounting Services use HMRC approved software to:

  • Do you need to be registered for VAT?
  • When do you need register for VAT?
  • What VAT rate do you need to apply?
  • How do you report your VAT return and payments due to the Inland Revenue?

Stewart Accounting Services can take the stress and worry out your business’ VAT obligations.
If we are doing your bookkeeping we would recommend that we do your VAT return.

Stewart Accounting Services can assist with the following matters in respect to Value Added Tax:

  • Advise whether you need to be registered for VAT.
  • Register you with HM Revenue and Customs for VAT.
  • Advise the best VAT scheme for your business.
  • Prepare and submit your VAT return online with the Inland Revenue.
  • Advise VAT amount due and when due.

If you fail to register for VAT at the correct time, don’t submit your VAT return and payment on time or make errors when preparing your VAT return this may lead to penalties being imposed and may result in interest charges.

Testimonial

I approached Stewart Accounting Services because I had recently moved and needed a new Accountant and wanted to stay local. Stewart Accounting Services helped me by taking everything out of my hand and preparing my accounts. The result was I had more time to work and not stress about whether I was doing it correctly or not. One thing I liked was their help and assistance with everything, any call or email or question, they had the time to deal with. I would definitely recommend Stewart Accounting Services to others.

SW, Sole Trader precognition agent