VAT

VAT is the most complex tax with regular reporting and payment deadlines and strange rules to catch you out.

The current VAT threshold is £85,000 of vatable turnover. That’s unlikely to change meaning with inflation more and more businesses are falling into the VAT trap. You can choose to register below this limit which may have its advantages.
There are a number of VAT schemes : Regular, Annual, Flat Rate, Cash and  Retail and we can advise on the best one for you.
We can deal with :
  • All aspects of VAT returns
  • MTD for VAT