VAT Returns in Newark

If you are VAT registered or about to become registered then you’ll likely know how strenuous it can be to complete and submit your VAT Returns every 3 months. So if you’re struggling then we’re here to help!

VAT Returns and VAT Registrations

Once you become VAT registered you are then legally obliged to submit quarterly VAT returns to HMRC every 3 months. VAT returns are also on top of all your other tax returns such as self-employed tax returns, company tax returns etc so we know how easy it is for this type of accountancy to snowball out of control! Also if you’re looking to become VAT registered then we can get that setup for you nice and smoothly.

This is why we offer a professional VAT return service which ensures every single one of your ongoing VAT returns are completed and submitted to HMRC professionally, allowing you to work on your business and not worry about a thing! These types of returns have to be completed perfectly every time and we know first-hand just how time consuming that can be, especially if this isn’t something you’re familiar with, so if you are struggling with keeping up with your quarterly VAT returns then please get in touch and get that weight lifted off your shoulders.

VAT Returns

COMPLETED & SUBMITTED TO HMRC

Being VAT registered has many perks, however one of them is most definitely not the administration that comes with it! The quarterly VAT return is the bugbear of many individuals and business out there and is why we offer this service to eliminate that ongoing stress. We ensure that every single VAT return is completed and submitted to HMRC properly so you don’t have to worry about any repercussions. These returns involve the logging of many aspects such as your total sales and purchases, the amount of VAT you owe, the amount of VAT you can reclaim and what your VAT refund from HMRC is. All of these areas will be taken care of for you.

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VAT Registration

REGISTERING YOU FOR VAT WITH HMRC

First and foremost, choosing to become VAT registered is actually a much larger undertaking than many people think. We will always advise on whether you even need to become VAT registered before completing anything for you and then advise on best practises for running your VAT accounts. Registering for VAT itself can be a little complicated if you’re not sure what you’re doing so we can take care of that without any issues, and then if you don’t think you’ll be comfortable with undertaking the additional accountancy that comes with monitoring your ongoing VAT, we can offer a bespoke monthly accounting package to take care of that.

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How We Work

VAT is such a broad area of accountancy so there’s not definitive ‘step 1, step 2, step 3’ process to exactly how this service works, but here’s a rough idea of what you can expect when working with us for all your VAT needs.

VAT Registration

Registering for VAT is not always as simple as some people think, it’s a big undertaking and involves a lot of administration, so if your business doesn’t need to be VAT registered we will immediately advise not to! However if you are definitely ready to become VAT registered then we’ll take care of everything for you so you can just sit back and relax in the knowledge we’ve got you covered.

VAT Returns

Once VAT registered you’ll then be legally required to submit quarterly VAT returns to HMRC, usually every 3 months. This is where the added administration comes into play as you’ll need to now account for VAT on all products/services and then need to compile a return every 3 months. We take care of all this hard work for you so you can focus on running the business!

Monthly Accounting

Many times when working with clients on VAT registrations and returns, they come to a point where they realise the amount of time and effort they are spending on their VAT is just not worth it and they would rather have someone else take over this area. This is where our bespoke monthly accounting packages come into play and we can get a system sorted where you never have to worry about VAT ever again!