VAT registration is required for businesses with a turnover above £85,000 (2023).
Once a VAT registration is in place businesses are required to submit VAT returns to HMRC, often on a monthly or quarterly basis.
There are a number of different VAT rates depending on the goods or services in question, and it is important that the correct VAT rates and VAT codes are used when processing VAT information.
I can prepare your VAT return for HMRC using Making Tax Digital (MTD) compatible software and ensuring that all VAT transactions are accounted for and allocated the correct VAT rate. I can then advise you how much VAT for the period is payable to HMRC or if you are due a rebate.
If you prefer to complete your VAT return yourself, I am able to check this for you to ensure that all relevant transactions are included and at the correct VAT rate.
I can also deal with HMRC on your behalf for VAT related queries.