Demystifying the complexities of VAT
VAT is a complicated area of taxation. If you are new to VAT then HM Revenue & Customs provide some good explanatory information.
Bruch & Co can assist with the following:
Registration for VAT
Changes in registration
Calculation of VAT liabilities, including completion of HMRC VAT Returns online
Submission only of VAT Return online
De-registration
Flat Rates Scheme including application and selection of appropriate rate and the pro’s and con’s
There are three different VAT rates and many different areas that require specialist knowledge which we have:
- VAT on property transactions – This can be a very complex area and it is essential to take early advice to avoid pitfalls
- Partial exemption – Calculation and the use of a suitable basis is difficult to establish and errors can be made costing businesses thousands of pounds
- Business sales and the transfer of a going concern, analysis of VAT position of such transactions
- Overseas and foreign VAT issues
- Intrastat reporting requirements
- Record Keeping requirements
- Identifying input VAT and calculating recoverable VAT
Tax
Our experts at Bruch & Co will help guide you through the world of tax, keeping you up-to-date with all the latest changes and regulations.
VAT
VAT (Value Added Tax) is a tax added to most products and services sold by VAT registered businesses.
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Online Accountancy Services
Real Time Accounting With Cloud Accounting Software That’s Right For YOUR Business and meets HMRC Making Tax Digital Requirements
