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VAT Services & MTD Bookkeeping Systems

Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process. We have both the technical knowledge and the practical experience to manage this complex area for you and any VAT matters your business might face.

We provide an efficient, cost-effective VAT service, which includes assistance with VAT registration, advice on VAT planning, administration and use of the most appropriate scheme, reconciliation of VAT control accounts, help to complete the MTDfV VAT returns, planning to minimise future problems with HMRC, accompanying and advising you in the event of a VAT inspection and negotiating with HMRC in disputes and representing you at VAT tribunals if necessary.

Other than the above, we could advise on other specialised schemes such as Margin Schemes for second-hand goods, Retail Margin Scheme, Reverse domestic charge for telecommunication services and the proposed Reversed Domestic Charge for Construction Industry. If you are in the import/export business, our expert advisers can help you in setting the VAT scheme properly from obtaining an EORI number to opting-in for monthly VAT returns to help you with the cash flow.

Making Tax Digital for VAT

Following to recent implementation of Making Tax Digital (MTD), businesses and organisations (which includes those with income from property) are required to maintain digital accounting records. Maintaining paper records ceases to meet the legal requirements in tax legislation.

Businesses are now required to use a functional compatible software product to submit their returns to HMRC. The software uses HMRC’s API (Application Program Interfaces) platform to submit information to HMRC.

Not sure about how to implement the new changes or require assistance in migrating date to a digital systems such as Xero, QuickBooks, Sage or any other software? We can help you with the initial migration and making sure the data integrity as well as provide training to all of your staff in ongoing compliance. We are certified advisers of Xero and QuickBooks with many years of experience in digital transformation of bookkeeping systems.