VAT work includes both the routine but essential elements of completing VAT Returns either on a traditional basis or using the VAT Flat Rate scheme where appropriate and also VAT planning.
Where the client does not have the resources, the inclination or the confidence to do so themselves we do assist in the preparation of VAT returns. Either by providing quarterly support to the in-house bookkeeping or by processing transactions if this is the client’s preferred option.
VAT in the main is straightforward. However there are some complex areas particularly when property is involved. A transaction may be Standard Rate, Zero Rate, 5% Rate, Exempt, Outside the Scope or subject to an Option to Tax. We have the expertise and experience to advise in this area.