VAT Returns

Preparing and submitting your VAT return can be a hassle. However, it is a tax that needs to be carefully managed. If you are a VAT-registered business, you need to submit a VAT return to HMRC on either a monthly, quarterly or annual basis.

A finished VAT return show how much your business owes HMRC, or whether you are due a VAT refund. There are some goods and services that are exempt from VAT. This can make the process a bit more confusing which is why having professionals manage it for you is the easiest way to make sure that it is being done correctly and efficiently.

It is important to get it right as if you make a mistake when submitting your VAT return or miss a deadline, then you may be penalised or have to pay surcharges.

With Making Tax Digital (MTD) taking effect from 01 April 2019, many businesses are looking for guidance on the effects of MTD and how to make sure that their business remains compliant. At Elite Financial Accounting we have the expert knowledge to not only ease the burden of the VAT return process but also make sure you are still staying compliant.

We will help take the stress away by:

1. Carefully processing or reviewing your bookkeeping to check that everything is correct and in order.
2. Ensure all the VAT your business has been charged is claimed for
3. Keep you updated on any upcoming deadlines
4. Send you accurate figures HMRC so that you can rest easy knowing everything is correct.