With Venton’s expert VAT service, you will no longer have to fear the dreaded VAT Return
Our accountancy team can process and submit your VAT Return for you, either on a monthly or quarterly basis. Say goodbye to VAT stress and any risk of penalties with missed deadlines – we can set you up with a direct debit to ensure all interim payments, if needed, are correct and made on time.
It isn’t just about VAT Returns though; we can also register your business if required, as well as process and submit one-off returns for new build developments. We know you want to save as much money as possible when building a new home and claiming back VAT is a big part of that.
So, we can ease the burden – whether you want us to process your invoices as you build or hold on to them until completion, we’ll make sure it’s a quick and easy procedure.
Digital record keeping for tax has been a requirement for businesses since 2019 – find out more about our Making Tax Digital services.
VAT FOR SMALL BUSINESSES
We know that HMRC is very specific when businesses submit their VAT Returns and that many businesses worry about getting it right. Your VAT return is an essential part of your business’s finances and one that must be submitted correctly to comply with the HMRC’s strict criteria. No one wants to pay more tax than they have to, and our expert team here at Venton are here to make sure you get it right.
HOW WE CAN HELP WITH YOUR BUSINESS’S VAT:
Our experts can complete various tasks to ensure your business is compliant with the latest rules and regulations, such as;
- VAT Registration
- VAT Return Preparation
- Submissions of returns to HMRC
- Confirming the correct VAT liability balance due to HMRC
- Setup of Direct Debit
- New Build VAT Reclaims
- Making Tax Digital
With a wealth of experience within:
- Cash Accounting Scheme
- Flat Rate Scheme
- Partial Exemption
VAT RETURN SERVICES AT VENTON
Our accountancy team can process and submit your VAT Return for you, either on a monthly or quarterly basis. Say goodbye to VAT stress and any risk of penalties with missed deadlines – we can set you up with a direct debit to ensure all interim payments, if needed, are correct and made on time.
Our service does not only include submitting VAT Returns; we can also register your business for VAT if required.
WHAT IS VAT?
Value Added Tax or VAT is the tax added when paying for or selling goods and services.
Businesses with an annual turnover of more than the registration threshold, which currently sits at more than £85,000, must be registered to pay and add VAT on the products and services they sell as a business, then pay this fee to HMRC when filing for their quarterly return.
This liability is then offset against the VAT reclaimed on goods and services which you have paid for giving you your final tax liability.
VAT on Sales – VAT on Purchases = VAT Liability due to HMRC
Get In Touch
Call us today to discuss your Accounting or Conference facility needs. We would be delighted to hear from you.