Vat rules can be different for every business and there are a number of different vat schemes available – flat rate vat, cash accounting and standard accounting to name the main ones. But if you are vat registered, you need to take your vat returns seriously. There can be big penalties for late returns and late payments. This is money that few businesses can afford to throw away. Since the vat returns have to be submitted, why not ensure that this is done sooner, rather than later and save yourself valuable cash?
JDH can prepare your vat returns, either on your premises, or you can drop the paperwork to our office. These will always be done on time, as long as you provide us with the necessary information at the beginning of the month. We will ensure that the vat returns are calculated correctly and that you will pay only the vat that is due. We can be on hand for HMRC vat inspections and work with HMRC on any queries.
We can take the stress out of vat, although we can’t offer to pay it for you!