Vat - MHK Accountants
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Vat

VAT can be the bane of everyone affected by it.

 

The complex regime of regulations imposes a tremendous administrative burden on businesses.

 

With the rate being so high, mistakes in calculating VAT can be costly – and the rigid system of penalties and interest charges for mistakes and the late submission of returns adds to that burden.

 

Our cost-effective VAT compliance and planning services can relieve you of this burden.

 

Our team of VAT professionals will help to keep your VAT affairs in order, make sure you are collecting the right amounts for each transaction, and ensure that you make payments and file returns correctly and on time.

In addition to providing a comprehensive bookkeeping and VAT accounting service, we can also advise on and help with:

 

  • The pros and cons of voluntary registration
  • The timing of compulsory registration
  • Extracting maximum benefit from the rules on de-registration
  • Partial exemption
  • Timing and delaying VAT payments
  • Flat rate VAT schemes
  • VAT on imports and exports
  • VAT control visits by Customs and Excise

Many businesses unintentionally over or underpay Value Added Tax (VAT) as a result of its complexity.

The widening parameters of this burdensome tax and frequent changes made by HM Revenue and Customs often require the assistance of a professional to ensure that businesses comply with the relevant regulations.

We provide an efficient VAT service, which includes:

  • Assistance with VAT registration
  • Advice on VAT planning and administration
  • Use of the most appropriate scheme
  • VAT control and reconciliation
  • Help with completing VAT returns
  • Planning to minimise future problems with HM Revenue and Customs.
  • Negotiating with HM Revenue and Customs in disputes and representing you at VAT tribunals