The UK VAT system, or sales tax, is notoriously complicated, placing a massive burden on businesses to collect tax on behalf of the Government.
Deciding whether the goods and services you provide are exempt from VAT, zero-rated, reduced-rated or standard-rated can be tricky enough. Get it wrong, and you could end up paying over too much VAT to HMRC. Or, worse, paying too little and ending up in front of a tribunal.
We keep a close eye on legal precedent, best practice and evolving HMRC guidance which means we can always give our business clients in Dorset and across the South West a clear steer.
Then there are the various VAT schemes, from direct calculation to apportionment. Different schemes work for different businesses and each has its pros and cons. We’ll advise on the right balance of convenience and accuracy, never shying away from doing the work necessary to keep your VAT bill under control.
We’ll also manage your VAT returns to HMRC, saving you yet another bit of time-consuming paperwork.
Our VAT service includes:
- VAT rating advice
- Guidance on VAT schemes
- VAT returns.