Evans & Co Accountants can help you deal with all your Business's quarterly and yearly VAT requirements.
You may need to register for VAT, or you may be able to choose to register voluntarily. If your turnover of VAT taxable goods and services supplied within the UK exceeds £85,000 in the previous 12 months on a rolling basis or you expect it to go over that figure in the next 30 days alone, you must register for VAT. If you are taking over a VAT registered business from someone else then you have to add your own VAT taxable turnover over the last 12 months (if any) to that of the business you are taking over. If the total goes over the registration threshold currently £85,000 you will need to register for VAT.
Registering on a voluntary basis can have potential cash flow advantages as you will be able to claim back VAT on your purchases, for example if you sell zero rated items and buy standard rated items you would receive a VAT refund from HMRC or if you do not sell anything during a VAT accounting period you may still be able to claim the VAT back on your purchases.
At Evans & Co Accountants we are happy to give advice on all aspects of VAT registration.
What we offer:
Professional, affordable VAT advice.
Advice on VAT planning and administration
Supervision of VAT Inspections
Production of VAT returns
At Evans & Co Accountants we focus on the service we provide to our clients and the fact that our clients are our Business. With regards to VAT, the key areas of importance for us are:
To offer good quality help and advice
To give value for money
To ensure accessibility with a team approach
To offer excellent response time and flexibility
To help businesses develop as the owners would like
To provide help without clients having to ask for it
We work with all business sectors and have extensive experience in dealing with owner managed enterprises, both corporate and non corporate.