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Preparing and submitting your VAT return can be a hassle. However, it is a tax that needs to be carefully managed.
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:
Why not give us a call today to find out what we can do for you!