VAT

Compliance with Value Added Tax (VAT) is complex. Frequent changes made by HMRC require the assistance of an expert to ensure your business complies. Don’t waste any more time trying to understand the rules of calculating your VAT returns.

Investigations by the VAT man can be intense. It is important that your VAT returns are completed correctly and within good time to ensure you avoid any penalties.

At Graham Paul, we can assist you in a number of ways to complete your VAT returns, give you advice on avoiding penalties, ensure you are receiving the right VAT reliefs and opportunities and see if we can save you money or apply for a rebate!

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VAT Returns Getting You Down?

“The best things in life are free, but sooner or later the government will find a way to tax them."

We offer

VAT Return completion
VAT Registration
VAT Planning & Disputes

Our services include: ...

VAT Returns

There are 3 services we can provide you to complete your VAT returns:

Let us do your bookkeeping and we can complete the return from here, ensuring compliance with Making Tax Digital
Provide us with your books and we will complete your return
Train you on how to complete the VAT return correctly using various cloud- based and desktop software

VAT Registration

Need advice on whether to register for VAT? We can assist with:

Advising you of the benefits of VAT registration
Complete the VAT registration process
Advising on the most suitable VAT scheme together with the pros and cons of the schemes available.

VAT Planning & Disputes

Investigations from HMRC are an everyday occurrence. They are intense and can be intimidating. It is essential that you have an accountant who is not only able to negotiate with them on your behalf, but who can step in and handle it right from the beginning.

An important feature of the service we provide is our ability to take advantage of the reliefs available to you and the interpretation of the regulations, giving you 100% peace of mind to carry on in your business.

We can help you with VAT in the following areas:

Handling VAT compliance visits
Attendance at VAT inspections
Dealing with contentious disputes that arise with Customs

FAQ's

Q: What options do I have?

A: You can voluntarily register for VAT if you are making or intend to make taxable supplies. However, if your turnover exceeds £85,000 on a 12 month rolling basis, you must register for VAT by law. There are also various schemes such as standard rate, flat rate and cash accounting. Get in touch today to discuss with our VAT specialists.

Q: I’ve heard about Making Tax Digital. What do I need to do?

A: HMRC are implementing Making Tax Digital (MTD) from 1st April 2019. This is compulsory for all VAT-registered business with a taxable turnover over the VAT threshold of £85,000. The way in which VAT-returns are filed for MTD will change and it is likely that you will need to change or update your current system. Please get in touch for expert advice and guidance to ensure you are compliant.

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Services

Latest News

08 May 2023

Online VAT filing portal to close in May

HMRC has reminded businesses that file VAT returns annually that the online VAT filing portal will close from 15 May 2023.