VAT

Now we have Making Tax Digital, numerous new rules post Brexit and more recently, fluctuating VAT rates in certain sectors.

Our VAT work falls under two categories:

• Advice
• Reporting

There are some incredibly complex areas of VAT, notably when property or overseas transactions are involved. No two situations are the same so we are on hand to provide advice on these constantly changing areas.

Even straightforward businesses have difficult VAT decisions to make. Should we register voluntarily? Should we use the cash accounting scheme or the flat rate scheme? Do charities pay VAT?

The VAT Reporting side is very different. VAT returns are an integral part of our ongoing work with clients. The submission of a VAT return is almost a by-product of the work we carry out producing regular management accounts throughout the year to enable our clients to make important decisions in a timely manner.

Most of our clients already comply with Making Tax Digital and soon everyone will. We take the pain out of this transition for our clients providing them with all the training and support necessary to give them the confidence to do their own bookkeeping if they wish. Of course, many clients have better things to do with their time and ask us to take on their bookkeeping. Either way, the VAT is taken care of as an integral part of the bookkeeping.