VAT Returns.
accountancy services
Is your business registered for VAT? If so, you will need to complete and submit VAT Returns to HMRC, in line with the requirements of ‘Making Tax Digital’. Most commonly this would be quarterly (although it can be monthly or annually in certain circumstances).
From bookkeeping records, the vat charged to your customers as part of your sales and the vat suffered as part of your costs and expenses are all declared on the VAT Return for the period along with other statistical information. An amount will be due to or due back from HMRC.
If we look after your bookkeeping for you, we will prepare VAT Returns for your approval as part of that process. We use and recommend Xero – a supplier of a cloud based accounting system that is user friendly, feature packed and fully compliant with HMRC’s ‘Making Tax Digital’ requirements. VAT Return data is captured automatically from our bookkeeping process and the VAT Return can be submitted to HMRC directly from the software.
If you take care of your own bookkeeping we are pleased to offer a periodic review to tie in with the VAT Return requirement. We review your bookkeeping, check for common errors and provide feedback. We can generate the VAT Return for your approval and make the submission to HMRC.
Great service! Your knowledge, tailored to your ability to explain things in plain English so that it easy to understand, is really appreciated. You are always pro-active in reminding me of submission deadlines and when I send my returns to you there is always a really quick turnaround. Above all else I’d like to thank you for your professional yet very personable and friendly approach. Overall really good value for money
