Sole Trader Or Landlord With An Income Over 50k - Act Now

VAT

VAT can be very complicated but we have vast knowledge and experience to help you.

Due to the varied range of businesses we provide our bookkeeping services to, we have seen and maintained most VAT schemes.

Standard VAT Scheme

We calculate your VAT due to HMRC on a monthly or quarterly basis
Submit VAT returns via making tax digital compliant software
Liase with HMRC if they have a query with your VAT return
Provide HMRC with data requests

Flat Rate Scheme

We calculate your VAT due to HMRC on a monthly or quarterly basis using the Flat Rate Scheme
We check that you are using the correct percentage rate
We check that your turnover is not above the threshold
We calculate the 'Limited Cost Business' when on the 16.5% rate
Submit VAT returns via making tax digital compliant software
Liase with HMRC if they have a query with your VAT return
Provide HMRC with data requests

Cash Accounting Scheme

We calculate your VAT due to HMRC on a monthly or quarterly basis using Cash Accounting rules
We calculate that you have the correct value of VAT still due to HMRC on a quarterly basis
Submit VAT returns via making tax digital compliant software
Liase with HMRC if they have a query with your VAT return
Provide HMRC with data requests

VAT Margin Scheme

We calculate your VAT due to HMRC on a monthly or quarterly basis using the VAT Margin Scheme for vehicles, sporting clubs and partial exemption property
We calculate your annual adjustment and reclaim any VAT that you could not claim throughout the year but can when the annual calculation is used
Submit VAT returns via making tax digital compliant software
Liase with HMRC if they have a query with your VAT return
Provide HMRC with data requests

Domestic Reverse Charge for Construction Industry

We calculate your VAT due to HMRC on a monthly or quarterly basis using the DRC scheme
Submit VAT returns via making tax digital compliant software
Liase with HMRC if they have a query with your VAT return
Provide HMRC with data requests

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