VAT can be difficult to understand and the regulations surrounding it are constantly changing. There are many rules and exceptions to navigate. With our help, you can be sure that your VAT obligations are met, without costing you the earth.
At present, businesses with a taxable turnover of over £85,000 in a 12 month rolling period must register for VAT. This includes both Limited Companies and Sole Traders. However, if your turnover is under £150,000, there are VAT scheme options available to you.
VAT can be very confusing. Some goods and services are VAT exempt, whilst others aren’t. Failure to comply with your VAT obligations can result in fines and other issues. Our experienced team can ensure that you’re getting the most out of VAT, without paying over the odds. We can also advise on your individual circumstances and whether there might be beneficial schemes available to you.
Now with the UK exit of the EU (Brexit) VAT, Customs, Import and Export duty rules and regulations have changed – But we already know about it.