VAT legislation can be very complicated and mistakes are often made resulting in overpaid or underpaid VAT. HMRC are increasing the frequency of VAT enquiries and the potential for fines and penalties is very prevalent. In addition, the next few years will see the UK leaving the EU and we expect legislation to change considerably in many areas including imports and exports. Business will be expected to remain compliant through this period of change. It makes sense to have our professional guidance in this area.
We can prepare and submit your monthly or quarterly returns and advise you on changing legislation that would affect your business. We will also speak to HMRC on your behalf to address any problems or queries. We would also advise you on the most appropriate VAT scheme for your business, such as flat rate or retail scheme or whether you should be invoice or cash based.
For more information on any of our services get in touch today. You can either contact us directly via email here or call us on 01909 807716.