Preparing VAT returns can be a complex and time-consuming task. You need to ensure they are completed in line with current legislation, accurately recorded in your books, and submitted to HM Revenue and Customs (HMRC) in a timely manner. Whether your business is large or small this can often be a laborious task.
If you do not claim the right amount you could end up paying too much in tax. Or if you over claim this could result in fines and penalties from HMRC.
WCK Accountancy work with you to manage your VAT returns and ensure your business is complying with the current regulations. We can provide monthly or quarterly VAT returns – dependent upon the individual requirements of your business. Our highly skilled accountants will prepare, review and submit all VAT returns no matter how complex they may be. We can submit these returns using a variety of schemes and with a varied range of frequency.
Making Tax Digital
Making Tax Digital (MTD) is a government initiative set out by HMRC and from 1 April 2022 all VAT registered businesses must sign up. In order to be compliant with these new requirements, businesses will be required to keep all records digitally through the use of accounting or bookkeeping software. We can ensure your VAT returns are filed in a MTD compliant format and assist with transitioning to MTD as smoothly as possible.
