VAT

VAT is indirect tax which is levied on the sale of goods and services. A business regardless a limited company, a partnership or a sole trader, as soon as the turnover has reached to £85,000 or above within 12 months, should register VAT. 

VAT has different schemes, e.g. standard rate scheme, flat rate scheme, or VAT margin scheme, etc. Please speak to our tax advisor to find out which one is more suitable to your business.

For most of the small and medium sized business, VAT return is on quarterly basis. It requires 1 month and 7 days for filing up and making payment before the deadline. Working on VAT sometimes could be tedious and tiresome. To ensure getting the work done correctly and efficiently please contact us for any VAT returns to be completed in time and accurately.