Accounting Service

VAT Returns & Processing

We provide comprehensive VAT returns and processing services tailored to businesses in South Hams, and across Devon. Our services are designed to ensure your VAT compliance, maximise efficiency, and reduce the stress associated with VAT management.

Accounting Services

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What We Do

Our VAT Returns & Processing Service

We handle all aspects of VAT returns and processing, from registration to filing, ensuring you remain compliant with HMRC regulations.

VAT Registration

We assist businesses with the initial VAT registration process, ensuring all details are accurately submitted to HMRC.

Eligibility Assessment | Determine if your business needs to register for VAT based on turnover and other criteria.
Registration Application | Complete and submit the VAT registration application to HMRC.
VAT Scheme Selection | Advise on the most suitable VAT scheme for your business, such as the Flat Rate Scheme or Standard VAT Accounting.

VAT Return Preparation

We prepare your VAT returns accurately, ensuring all transactions are correctly recorded and reported.

Input & Output VAT | Calculate input VAT (VAT on purchases) and output VAT (VAT on sales) for accurate reporting.
Record Keeping | Maintain detailed records of all VAT-related transactions to support your VAT return.
VAT Adjustments | Handle any necessary adjustments, such as partial exemptions or corrections to previous returns.

VAT Filing

We ensure your VAT returns are submitted on time to HMRC, avoiding any potential penalties for late filing.

Quarterly Returns | Prepare and file your quarterly VAT returns, ensuring all deadlines are met.
Digital Filing | Utilise HMRC’s Making Tax Digital (MTD) system for seamless and efficient VAT return submission.
HMRC Liaison | Act as your representative in dealing with HMRC regarding any VAT-related queries or issues.

Ensuring VAT Compliance

We ensure your business remains compliant with all VAT regulations, providing peace of mind and reducing the risk of fines.

Compliance Checks | Conduct regular compliance checks to ensure all VAT records and returns meet HMRC standards.
Audit Support | Provide support during HMRC VAT audits, ensuring all necessary documentation is in order.
Regulatory Updates | Keep you informed of any changes in VAT regulations that may affect your business.

Ongoing VAT Support and Advice

We offer strategic advice to help you manage your VAT obligations effectively and minimise your VAT liabilities. We also offer continuous support to help you manage your VAT returns and processing efficiently throughout the year.

Tax Planning | Advise on VAT planning strategies to maximise tax efficiency and reduce liabilities.
Transaction Analysis | Analyse complex transactions to determine the correct VAT treatment.
Industry-Specific Advice | Provide tailored advice based on your industry and specific business needs.
Regular Reviews | Conduct regular reviews of your VAT returns to ensure accuracy and compliance.