Profectus 

VAT Services 

First place on the podium

VAT is easy right? 

I just charge my customers 20% on top of the value of my goods and services and then pass it on to HMRC. 
Well technically yes, but it's never that easy. 
 
Firstly there's the question - do i need to register for VAT? If your turnover is under £85,000 there is no requirement to register for VAT and therefore no need to charge your customers VAT. However, you also can't claim VAT back on business purchases that you make. There will be situations where registering for VAT, even as a start up may be beneficial. 

Making Tax Digital (MTD) 

VAT returns need to be submitted on time and payments made on time too. The returns also need to be submitted in a recognised format to HMRC. There are many compatible software systems that can achieve this and these need to be compatible with your business processes too. 
Question
What about the future? 
Question
What does being VAT registered say about my business? 
Question
Can I register at any time? 
Question
Can I deregister if my turnover drops? 
Question
What's a Flat Rate Scheme? 
The answer to these and other VAT related questions can be answered by calling 07790 206016. 
Offering a helping hand up the mountain
 
 
 
 
Staying on target

Want to know more? 

Call 01908 112105 for more information on VAT 
 
 
 
Our site uses cookies. For more information, see our cookie policy. Accept cookies and close
Reject cookies Manage settings