VAT Registration is legally required when your business reaches the current compulsory VAT registration threshold or it is expected to exceed the figure in the next 30 days.
You do have the option to become voluntarily VAT registered if your business does not exceed the current VAT registration threshold. However, businesses reaching the compulsory threshold must register to become VAT registered with HMRC and subsequently file VAT returns.
Value Added Tax is one of the most complex and onerous tax regimes imposed on business – this complexity may cause many businesses to unintentionally overpay or underpay VAT.
Providing an efficient cost-effective VAT Service, which includes:
Assistance with VAT Registration to make this process less stressful.
Use of the most appropriate VAT Scheme – Cash Accounting, Flat Rate and Annual Accounting Scheme.
Advice on VAT planning and administration to save the business money.
Submitting to HMRC
Help with completing VAT returns on your behalf and submitting to HMRC.