VAT Compliance
VAT is becoming ever more complex - there are a number of different schemes out there that you can join. Also there is the question - should you be registered for VAT at all? Do you know which products/services you should be charging VAT on and what records you're required to produce and keep to complete your VAT return? Once your sales reach a specific level, if you are selling taxable items you must register for VAT. If you are below this level you have a choice whether or not to register. In some cases voluntary registration may be beneficial as you can reclaim VAT paid on purchases. We can assist you by advising on your best options regarding VAT and we can complete and file your VAT return accurately and on time. We can also review your sales to ensure you are correctly charging VAT where required and reclaiming VAT where you can.