Value Added Tax is one of the most complex of taxes and requires careful planning to keep up with the legislation in this area. Many businesses underpay or overpay VAT.
We can assist in advising when the right time is for your business to become VAT registered, help with the registration process, advise on record keeping and help with the completion of VAT returns, as well as help you to plan ahead to minimise the risk of any future problems with HMRC.
Businesses with a taxable turnover which exceeds the VAT registration threshold will need to keep their records digitally, using compatible software for returns submitted from 1st April 2019. We can help your business through these VAT reporting changes and check the information HMRC holds about you is correct.
OS Accounting helps a number of it’s clients file their VAT returns, especially when they are using specialist schemes or fall into a partially exempt category. If you’re using spreadsheets, or accounting software that cant file under the new Making Tax Digital requirements, we can help you.
If you need help unwinding a historical VAT problem, have a VAT inspection and don’t know what to do, or are worried your VAT is incorrect, then please contact us
We use and support almost all accounting software and can offer advice on the best software solutions to support your business and your customers.