“Value Added Tax (VAT) is a tax that’s charged on most goods and services that VAT-registered businesses provide in the UK.”
Calculating your quarterly VAT return can be complex as there are different rates of VAT and some things are exempt completely. Perhaps you just don’t have the time to spend doing the calculations as your business needs you elsewhere? We can alleviate this burden and ensure your returns are submitted accurately and on time, ensuring you are paying the correct amount of VAT to HMRC and claiming back everything you are due. You must submit a VAT Return even if you have no VAT to pay or reclaim.
The current compulsory VAT registration threshold is £85,000 but some businesses choose to voluntarily register for VAT. If you are unsure whether you or your business needs to register for VAT, contact us to arrange a free consultation.
Usually, a quarterly VAT Return, along with any VAT payable to HMRC, is due one month and seven days after the quarter end. For example, the VAT return for the quarter dated 1st April to 30th June would be due 7th August.
We strongly encourage our clients to use software to keep their records, not only because it can help manage the various rates of VAT, but because Making Tax Digital (MTD) is due to be implemented by HMRC in April 2019. We can help you make this transition painlessly.
Don’t just take our word for it!
We chose to work with Caroline Hinde Accountancy because we wanted to have a real-time view of our business performance, rather than months after the year had ended. Having this information has enabled us to take informed decisions which has enabled a period of growth for us.
Knowing that everything is taken care of on a monthly basis gives us huge peace of mind and we always know well in advance of our tax liabilities so we are always in control of our cashflow. We now use the software recommended to us to send our customers invoices which look professional and make it easy for us to monitor any outstanding invoices.
The service we receive from Caroline Hinde Accountancy is invaluable - they're approachable, friendly and professional.
Caroline has recently finished my accounts for me. She has done an excellent job of pulling everything together and I felt both relieved and confident, that they were submitted correctly.
I am so pleased that I asked for Caroline's assistance in helping me with my accounts. Even though I'm just a small business, it was nice to have that reassurance, that everything has been done correctly. It was money well spent!
I found Caroline to be very approachable and helpful in her advice. A lovely person to work with - thank you!
A fabulous accountant with a personality and a sense of humour? An oxymoron I hear you cry! But not at all. Caroline Hinde is all of that!
For a small business owner like me who knows next to nothing about self assessment and has no inclination to further their knowledge, what I need is someone who simply takes care of it all. That’s exactly what I got from Caroline; she is efficient and friendly and is incredibly knowledgeable. Nothing is too much trouble and she has taken all the stress out of the whole process for me.
I can’t praise Caroline highly enough and would recommend her to anyone I know and indeed have done so whenever I can. Look no further than Caroline, and you will not be disappointed.
I have found Caroline to be highly professional, efficient, knowledgeable, friendly, and helpful in my dealings with her, and have no hesitation making a recommendation.