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VAT Return Services in London

Clear, expert advice on managing VAT registration and submissions for your business.

If your turnover is more than the current VAT threshold then you may have to register for VAT. If this is the case then you will have to complete and submit a VAT return to HMRC, usually each quarter.

However, even if you are not required to register it can sometimes be beneficial to register voluntarily. Deciding whether you have to or should register can be confusing but don’t worry, help is at hand. We can talk this through with you and ensure that you receive the best advice possible based on your circumstances.

Completing your VAT Returns

Our Cloud Accounting Software allows us to submit your VAT returns electronically based upon the bookkeeping we carry out for you.

However, when we complete your VAT Returns we do not just take the figures from your bookkeeping and submit them to HRMC. We review your bookkeeping to guarantee that you are claiming for all VAT your business has incurred, ensuring you don’t overpay VAT to HMRC.

We can also review your businesses circumstances to see if any recommendations can be made to you.

These recommendations range from advising you to de-register for VAT if you fall below the threshold, to ensuring you are on the most beneficial VAT scheme for your business. For example, if your customers tend to take a while to pay you after you raise your invoices but you pay your suppliers straight away then we may recommend cash accounting for your VAT as this would vastly improve your cash flow.

Once we have discussed all beneficial elements of your VAT setup, we will submit your VAT Return to HMRC.

This thorough process ensures that there is a vastly reduced risk of errors, keeping you and HMRC happy! It also ensures that you do not pay a penny more in VAT over to HMRC than you have to!

Making Tax Digital

Making Tax Digital is the UK government’s new initiative that will digitise the tax system.

From 1 April 2019, VAT registered businesses in the UK with a taxable turnover of more than £85,000 (over the VAT threshold) will have to submit their VAT returns using functional compatible software.

Making Tax Digital for VAT is the first part of the scheme. Other taxes including income tax, self-assessment and corporation tax will follow in the future – timings will be announced by HMRC.

A number of businesses are either exempt from Making Tax Digital or have a deferred start date of October 2019. We can check to see whether your company is in the exempt or deferred category.

Our Tax Digital experts can update you on the scheme and, if it applies to you, how you can prepare for it.

VAT RETURN SERVICES IN LONDON

Clear, expert advice on managing VAT registration and submissions for your business.

If your turnover is more than the current VAT threshold then you may have to register for VAT. Anyone that falls into this category will have to complete and submit a VAT return to HMRC, usually each quarter. 

 

However, even if you are not required to register, it can sometimes be beneficial to register voluntarily. Deciding whether you have to – or should – register can be confusing, but that’s what we’re here for. Savvy Accounting assists with VAT returns in London, and our team can talk you through the process to provide the best possible advice based on your circumstances.

Completing your VAT returns

Our cloud accounting software allows us to submit your VAT returns electronically based upon the bookkeeping we carry out for you.

 

However, when we complete your VAT returns, we don’t just take the figures from your bookkeeping and submit them to HMRC. We review your bookkeeping to make sure that you are claiming for all VAT your business has incurred – so you don’t overpay VAT to HMRC.

 

Our VAT return services can be provided alongside our payroll services and small business end of year accounts, so you only have to go to one place to ensure your business is compliant. 

Keeping you and HMRC happy

Savvy Accounting can also review your business’ circumstances to look for tailored recommendations.

 

These recommendations could include:

 

  • Advising you to de-register for VAT if you fall below the threshold
  • Advising you to register voluntarily if it would benefit you
  • Ensuring you’re on the most beneficial VAT scheme for your business
  • Recommending cash accounting for your VAT to vastly improve your cash flow, especially if your customers take a while to pay but you pay your suppliers straight away

 

Once we have discussed all beneficial elements of your VAT setup, we will submit your VAT return to HMRC.

 

Our VAT return services for London and UK businesses are highly thorough. This ensures a vastly reduced risk of errors, keeping you and HMRC happy! It also ensures that you do not pay a penny more in VAT over to HMRC than you have to!

Making Tax Digital

Making Tax Digital is the UK government’s new initiative to digitise the tax system.

From 1 April 2019, VAT registered businesses in the UK with a taxable turnover of more than £85,000 (over the VAT threshold) had to begin submitting their VAT returns using functional compatible software.

 

Making Tax Digital for VAT is the first part of the scheme. Other taxes including income tax, self-assessment and corporation tax will follow in the future – timings will be announced by HMRC.

 

A number of businesses are exempt from Making Tax Digital. We’ll check to see if you’re in this category. Our Tax Digital experts can update you on the scheme and, if it applies to you, how you can prepare for it.

REQUEST A CALLBACK

Get started with your VAT return in London with a dedicated accountant who will take an in-depth look at your situation to determine the most beneficial solutions for you. Give us a call or leave your details and we’ll get back to you as soon as possible.