At Alexander & Co, we can help you navigate the complex world of VAT legislation. VAT affects all businesses and the financial penalties can be extremely high, due to non-compliance. We can provide VAT specialists that will assist you with any compliance issues and help to minimise liabilities and penalties, should you find yourself in the midst of a VAT investigation.
VAT Returns and Advisory
Our specialists can help you understand the following and help you avoid running into any trouble with VAT:
- VAT Registration and De-Registration
- Assistance with VAT Return Completion
- VAT Control and Reconciliation
- Advice on the most appropriate scheme
- Negotiation with HM Revenue & Customs and representation at First Tier Tribunals
VAT Registration and De-Registration
Our VAT specialists can help you with registering your business for VAT or unregistering your business from VAT. The sale of any goods or services are taxed by the government, so it is important to make sure you are properly registered for VAT to avoid penalties.
If your business has an annual turnover of £82,000, you need to make sure you are registered for VAT. We can help you understand what information is required and make sure you fill in the correct VAT Return for your business.
Assistance with VAT Return Completion
If you have identified your business as needing to register for VAT, our team can be on hand to help answer any questions or solve any issues you may have when filling out your VAT return.
Allowing us to assist you in completing and returning these important forms will help to minimise the risk of them being completed incorrectly and your business facing penalties.
VAT Control and Reconciliation
Companies that are VAT registered will be required to produce and reconcile their VAT Return either quarterly or on a monthly basis. We can assist you in controlling and reconciling your VAT. This process is best managed by a fully qualified accountant, as it requires the VAT to be accurately reviewed, ready for you to send your VAT return.
Advice on the most appropriate scheme
There are many different VAT schemes to choose from, to help you choose the best system for telling the government about how much VAT you’ve charged and how much you’ve paid. We can help you decide the best method for you and your business, by taking you through the different options and their benefits.
Negotiation with HM Revenue & Customs and representation at First Tier Tribunals
Already facing a penalty or tribunal over VAT Returns? We can help you organise your negotiation with HM Revenue & Customs and offer advice surrounding First Tier Tribunals. These circumstances can often be confusing and stressful, so let our team help you through this difficult time and help you to find a solution quickly.
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