Need help with your VAT Return?
We can Help!
VAT Return Guide...
Your accounting period usually runs every 3 months, this is when you will submit your VAT return to HM Revenue and Customs (HMRC).
The VAT Return records things for the accounting period such as:
1. Your total sales and purchases
2. The amount of VAT you need to pay
3. The amount of VAT you can reclaim
4. The value of the refund from HMRC
Southend based Businesses looking for help with their VAT Return
New business? we can help you decide whether you need to register for VAT or not. If you decide to register for VAT then we can ensure you’re on the VAT scheme that’s best suited to you.
From 1st April 2019, all VAT returns must be completed according to the Making Tax Digital guidelines from HMRC.
PJR can help your business with everything it needs to ensure that you know exactly what you’re doing, file everything correctly, and getting the most from your new software.
Find out more about what Making Tax Digital means for you!
PJRs VAT Return service is affordable and by outsourcing it to us you’ll have more time to run your business. VAT registration and the associated compliance work is time-consuming.
Potential there are benefits in being VAT registered even if you haven’t reached the required turnover threshold for the last 12 months. (over £85k).
Some typical VAT-related questions…
1. How to register for VAT?
2. Can I register for VAT under a turnover of £85k? – Why would I do this?
3. What are the implications when I register for VAT?
4. If registered for VAT what can I claim for?
5.Is it Flat rate, Cash Accounting, Standard rate or Exempt, or Zero rated?
6.Do I need to operate a margin scheme?
Flat rate VAT schemes may suit businesses with limited expenses. Companies receiving payment from customers can register for cash VAT accounting.
With the new penalty legislation, getting it wrong can be costly. Get it right from the start and avoid the worry. We can answer any questions you might have.
PJR can also assist with deregistration for VAT. The limit is £83k to deregister for the current year.
We can assist with your VAT requirements. We can review your VAT workings, handle your VAT preparation and submit your VAT returns.
PJR accountancy can explain the most tax-efficient and beneficial VAT scheme to suit your business.
Feel free to email info@pjraccountancyservices.co.uk or during office hours or call us – 01702 546360