Understanding and managing VAT returns can be a daunting task for business owners.
The complexities of HMRC regulations, the need for precise record-keeping, quarterly reporting deadlines, and the potential penalties for errors can all make VAT returns challenging to handle independently.
Mollan & Co have more than 40 years’ of experience as VAT accountants for SMEs across
the UK. Based in York, our team can provide valuable guidance on VAT registration and compliance, ensuring your business’ VAT returns are filed accurately and on time.
We also offer expert advice on navigating VAT exemptions and identifying potential cost-saving opportunities that can help your business grow.
Contact us today to book your free, no-obligation consultation.
Do I Need To Register For VAT?
Value Added Tax (VAT) is a tax that customers pay on goods and services sold by businesses registered for VAT.
Businesses that earn more than the VAT threshold (which in the UK is currently £85,000 in the last 12 months) are required to register for VAT. Smaller businesses also have the option to voluntarily register for VAT, even if their turnover is below this threshold.
Once registered, these businesses must add VAT to the cost of the goods and services they sell and maintain records of the VAT they’ve paid when making purchases for their business.
VAT returns are submitted and VAT payments made to HMRC every quarter.
If you think your business should be VAT registered, get in touch to speak to a VAT accountant today.
Our VAT Return Services Includes:
We can assist in the initial VAT registration process, helping your business comply with the necessary requirements and making sure you are registered correctly.
Mollan & Co will calculate the amount of VAT owed to HMRC and the amount of VAT that can be reclaimed, including keeping you informed on VAT rates and any exemptions that apply to your business.
- Submission of VAT Returns
Our expert VAT accountants will prepare and submit VAT returns on your behalf, ensuring they are filed accurately and on time.
- Compliance with VAT Regulations
We stay up to date with the ever-changing HMRC regulations to ensure your business remains compliant. We’ll advise on the implications of any regulatory changes and make the necessary adjustments to your VAT processes.
We provide strategic tax planning services to minimise your VAT liability and identify
opportunities for VAT savings. This may involve advice on structuring transactions or optimising your business processes.
We are expert SME accountants with more than 40 years of experience in managing VAT returns for businesses across the UK.
With Mollan & Co as your trusted partner, you’ll rest easy knowing your VAT returns are in capable hands – helping you concentrate on growing your business.
Get in touch to book your free, no-obligation consultation.