We guide your business through the process of registering for VAT with HMRC, ensuring compliance with VAT rules. Whether you’re registering because your turnover exceeds the threshold or choosing to register voluntarily, we ensure the registration process is seamless and hassle-free. 

Accurate VAT returns are essential for avoiding penalties. Our team prepares and submits your VAT returns on time, ensuring every detail is meticulously checked, and that you remain compliant with HMRC’s Making Tax Digital (MTD) requirements. 

For businesses selling goods and services across the EU, we provide comprehensive support with VAT registration under the One Stop Shop (OSS) and Import One Stop Shop (IOSS) schemes. These simplified registration systems ensure you comply with EU VAT regulations while streamlining your cross-border sales processes. 

We handle the preparation and submission of your OSS and IOSS returns, ensuring compliance with EU VAT rules for businesses selling goods or services to EU consumers. Our expert team helps you meet all deadlines and accurately account for VAT on cross-border sales. 

If you’re considering opting to tax property transactions, we provide expert advice on whether this is the right decision for your business. Our team will handle the application process with HMRC, ensuring the option is exercised correctly to benefit your business’s VAT position. 

With Brexit now in effect, businesses need an Economic Operators Registration and Identification (EORI) number to trade goods with the EU. We simplify the EORI application process to ensure your business is set up for smooth import and export operations across borders. 

If your business no longer needs to be VAT registered, we manage the VAT de-registration process with HMRC. We ensure all relevant paperwork is filed, and that your business remains compliant during the deregistration process. 

When transitioning from a sole trader to a limited company, we manage the transfer of your VAT registration, ensuring there are no disruptions to your business operations. Our team ensures a smooth transition and compliance with HMRC requirements. 

For businesses that make both VAT-exempt and taxable supplies, partial exemption calculations are essential to determine how much VAT can be reclaimed. Our team ensures accurate calculations to maximise your VAT recovery and comply with HMRC’s guidelines. 

The Accrual (Standard) VAT scheme is the most common method for VAT accounting, where VAT is accounted for on an invoice basis. This means VAT is due at the time of supply, regardless of when payment is actually received. Our team can guide you through the process of using this scheme, ensuring you are compliant while managing your cash flow effectively. 

The Cash Accounting Scheme allows businesses to account for VAT based on the cash received and paid, rather than when invoices are issued. This scheme can be beneficial for businesses that face cash flow challenges, as it means VAT is only paid to HMRC when payments are actually received from customers. We can help you assess if this scheme is right for your business and ensure compliance with the rules. 

The Annual Accounting Scheme is a simplified VAT scheme that allows businesses to submit one VAT return per year, with advance VAT payments made throughout the year based on estimated turnover. At the end of the year, the final VAT return is submitted, and any necessary adjustments are made. This scheme is ideal for businesses that prefer less frequent reporting and a more predictable cash flow. We help businesses evaluate whether this scheme suits their needs and manage the annual filing process. 

The Margin Scheme is used by businesses that deal in second-hand goods, works of art, antiques, and collectibles. Under this scheme, VAT is only charged on the profit margin (the difference between the purchase and selling price), rather than on the total sale price. This can result in significant savings for businesses in these sectors. Our team can advise on eligibility, ensuring that your use of the Margin Scheme is compliant and optimised. 

The Flat Rate Scheme (FRS) is a simplified VAT accounting scheme, designed to reduce the administrative burden on small businesses. Instead of accounting for VAT on every sale and purchase, businesses pay a fixed percentage of their gross turnover (including VAT) to HMRC. This scheme can save time on bookkeeping and reduce VAT liabilities for certain types of businesses. Our team will assess whether this scheme is beneficial for your business and ensure you’re applying the correct flat rate, maximizing your savings and ensuring compliance.