VAT Accountants

Putting the value added into VAT

Value added tax, or VAT, is one of the most complex aspects of the UK tax system, so it’s no wonder that many business owners find meeting their VAT responsibilities challenging. With the introduction of Making Tax Digital for VAT, the Revenue has added yet another obstacle to VAT compliance, raising your risk of overpaying, or underpaying, and coming under investigation by the taxman. Properly preparing and submitting VAT returns is critical for compliance with HMRC regulations.

That’s where we come in.

As VAT accountants with over thirty years’ experience, we can help you to meet your VAT requirements with tailored financial advice and VAT advice for small businesses. The new quarterly reporting rules introduced by the Revenue have put increased pressure on business owners, but our VAT return services will take the strain so you can focus on more important things, like running your business. We also offer expert VAT accountants services to ensure you avoid costly mistakes and stay compliant with VAT laws. Additionally, we can assist you in choosing and implementing the right VAT schemes to optimise your VAT calculations and compliance. 

Download our factsheet The Basics of VAT for UK Businesses.

Our VAT accounting services include:

• Assistance with VAT registration
• VAT planning advice
• Implementation and training on Making Tax Digital for VAT software
• Quarterly VAT submissions
• Ongoing support and advice on the ever changing demands of VAT
• VAT inquiry and investigation support and representation

Unsure whether your business should be VAT registered?

The VAT threshold is currently £85,000, so if your turnover has surpassed this amount, it’s time for VAT registered businesses to register for VAT. Understanding your VAT liability helps to accurately calculate and report your tax obligations. Our team of VAT specialist accountants can help you to complete your registration and ensure that you are meeting your VAT accounting requirements, whilst minimising the impact on your day to day business, whether you are VAT registered or VAT exempt.

Newly VAT registered and struggling to get to grips with Making Tax Digital?

We will help you to select and implement an MTD-compliant, online accounting package, and assist you in submitting accurate quarterly VAT returns. Our comprehensive VAT services cover setup, training, and ongoing support on your chosen software, as well as regular expert advice and updates on any changes to VAT legislation that may affect your business. Our VAT team provides tailored support to ensure compliance and streamline your VAT processes. 

Get in touch to discuss your individual circumstances and find out how we can help to reduce your administrative burden. Call us on 0114 274 7576 and speak to our Corporate Services Manager, David, or email david.waterfall@knowleswarwick.com.