VAT Returns Service
Johnston Smillie can provide you with a range of bookkeeping and accounting services, including the preparation of your VAT returns.
If your business has a turnover in excess of £83,000 over the previous 12 months, you must pay VAT.
But it’s often not as cut-and-dried as that.
There can be situations where it makes sense for your business to be VAT registered, even if you are not close to breaching the VAT threshold.
And there are a number of VAT schemes for specific businesses and industries that can go someway towards limiting your liabilities.
In short, Johnston Smillie can help you get to grips with this often time-consuming and confusing process.
When it comes to VAT, you might feel a little uncomfortable at the prospect of more rules, regulations, and compliance surrounding your business income.
Yet for many, VAT registration is a clear sign of growth and success.
That being said, VAT is a complex tax with many nuances, and it is often a good idea to delegate your VAT returns to an expert familiar with the detail required. This will help you comply with HMRC, and avoid any unnecessary penalties by filing your documents correctly, and on time.
You must register for VAT if you provide taxable goods and/or services and your taxable turnover exceeds £83,000.
However, you can choose to register even if your turnover is well below the threshold. This can be beneficial as it allows you to present a sense of scale to your customers.
The Benefits of Working with JSCA
Whether your business is new and you’re unsure if you should register for VAT right away, or you’re approaching or have broken through the threshold, JSCA can advise on the best way forward.
All of your VAT processing will be taken care of, meaning you won’t have to pay more than your fair share. And we’ll make sure you’re on the right VAT scheme for your business and/or industry, helping to keep your VAT liabilities further in check.
Our friendly team of VAT experts will take the weight of more tax-related paperwork off your shoulders, leaving you to do what you do best – run your business.
From the initial setup and planning, to ongoing communication and filing of VAT returns, we’ll ensure everything runs smoothly.
And in the event of an inspection from HMRC, we can liaise on your behalf from our offices, without the need for you to be present.
We Can Help
As the owner of a growing business, you’ll have enough to focus on without the undue stress of VAT.
Allow JSCA to take the strain. We’ll sit down together – in our offices, or yours – and discuss the best options for your business in the short and long-term where VAT is concerned.
We will then recommend, in plain English, the most suitable plan to handle VAT on your behalf, and limit your liabilities.
Contact us today to find out how we can help with your VAT returns.