Service

VAT

VAT stands for Value Added Tax and is added onto prices in the UK. You may need to add VAT to your prices. You will need to send that extra money to HMRC. You can claim back any VAT that you are charged on business supplies. The VAT on any item is designed to be paid by the consumer in the end, rather than by the businesses involved in its supply.

Value added tax is one of the most complex and onerous tax regimes, causing many businesses inadvertently overpay or underpay VAT. Therefore, you need a trained professional to deal with the ever-widening scope of VAT, the constant changes to the regulations, and the increasing demands of Customs and Excise.

Motabar accountants ensure that you do not fall short of your obligations, and do not pay more than you need to. We can help you with many complex VAT issues, such as the VAT on property transactions, as well as dealing with the more routine areas, such as VAT registration and preparation of VAT returns. We can also advise on optional VAT regimes that may benefit you financially, including the flat rate scheme, cash accounting or second hand margin scheme.

What are Motabar Accountancy's VAT services?

  • Advising on whether to register for VAT
  • Advising on the different and most appropriate VAT scheme
  • VAT registration and de-registration with HMRC
  • Signing up for Making Tax Digital (MTD) for VAT
  • Potential exemption issues for VAT
  • Correcting errors to VAT returns
  • Preparation and submission of VAT returns
  • Health checks to ensure VAT compliance
  • VAT issues relating to the sale or purchase of land or property and property development