• Book Keeping and VAT

    Book Keeping and VAT

We offer a comprehensive book keeping service to a wide variety of business from plumbers to online retailers.  This service can be provided on either a monthly or quarterly basis and we work with our clients needs should they require us to collect the records.

We pride ourselves on our accuracy and attention to detail and use the latest Sage software to ensure that we are MTD compliant.  Our fees include the submission to HMRC of VAT returns for your company. We also offer management accounts as part of our book keeping service should they be required during your accounting year.

Our Book Keeping Service offers:

  • Fast turnaround for tax paperwork
  • Real People you can talk to about your books
  • Expertise in all categories & scales of transactions
  • NDA-bound contract to ensure confidentiality.

What is a VAT return?

A VAT return is a tax form you file to show how much VAT you are due to pay HMRC. Your VAT return should contain your total sales and purchases for the period, the amount of VAT you owe and the amount you can reclaim, and what your VAT refund is.

What is Making Tax Digital?

Making Tax Digital (MTD) means you are no longer able to keep and submit manual VAT records and returns. Instead, HMRC will only accept VAT returns sent using software that supports Making Tax Digital for VAT.

Since 1 April 2019, MTD for VAT is to become compulsory for VAT registered businesses making annual taxable turnover of over £85,000. For all other VAT registered businesses this comes into effect from 1st April 2020.

What happens if my taxable VAT turnover is below the VAT MTD threshold?

If your business has a taxable turnover below the VAT threshold you can still sign up for MTD voluntarily. HMRC is encouraging businesses with a taxable turnover below the VAT threshold to sign up so they can also benefit from MTD. Businesses can also sign up for MTD for Income Tax. This means, subject to your business type, you can further streamline your business processes.

Software will help you stay on top of business record keeping, allowing you to better understand how your business is performing.

We can advise on the correct software solutions to help you keep track of this important tax liability.

For more information on Book Keeping and Vat Returns, please contact us.

Client Testimonials
  • The friendliest book keeping service which keeps my company up to date and compliant with VAT regulations. They respond quickly to any queries I may have, no matter how small or large.

    D. Pugh, Complete Flue Installations Ltd