VAT Services

Our VAT Services will sort out the problem of coding and tracking Invoice information for the Government.

VAT is, in theory, a simple tax – you owe VAT on your sales and can reclaim it on your purchases, paying the difference to HMRC each quarter. However, the volumes of detailed HMRC guidance on the topic would suggest otherwise!

HMRC have provided for a number of different VAT schemes and calculation methods, each with their own qualifying criteria; some are mandatory, depending on your business sector or type, and others are optional, designed to simplify your VAT returns or improve your cashflow.

In addition, since Britain’s departure from the EU, VAT has become considerably more complicated for businesses who are involved in imports and exports, with new procedures such as Postponed VAT Accounting.

VAT Services

The Benefits of Outsourcing Your VAT Services

At Another Answer, we can guide you through the VAT registration process, from calculating when (or if) you need to register and advising which VAT scheme would be most suitable, to completing the HMRC administration and setting up your software correctly to account for VAT.

Once you are up and running, we will review your VAT returns carefully to ensure that your transactions are coded correctly. There are numerous VAT codes and a different code may be needed depending on the type of goods or services, where they are coming from, who is buying them and for what purpose! You can rely on our expertise and feel confident that your figures will be accurate.

How Another Answer Can Help with Your VAT

Here at Another Answer, we have experience of many of them, so we can identify which might work for you:

  • VAT Cash Accounting Scheme
  • Partial exemption
  • Flat Rate Scheme
  • Second-hand margin and Global Accounting Schemes
  • Domestic reverse charge for mobile phones and computer chips
  • Domestic reverse charge for the construction industry
  • Monthly or annual returns

Get In Contact with Another Answer Today

We will prepare and submit your VAT return digitally to HMRC, keeping you compliant, so that you can relax and get on with running your business. And should there be any need to liaise with HMRC, we can contact them on your behalf to resolve any issues.

If you would like to know more about our VAT service then please don’t hesitate to get in touch. We are proud to serve many locations throughout Buckinghamshire and Berkshire. Our team is always happy to discuss your personal requirements over coffee and biscuits.

VAT Services

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VAT Services

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Services

Our VAT Services will sort out the problem of coding and tracking Invoice information for the Government.