VAT can be one of the most complicated issues for a business to handle. Due to recent changes, there is now also the potential minefield of legislation such as how to account for Sales within the EU in the form of ‘EC Sales Lists’ and ‘VAT Reverse Charges’
There are even methods for claiming back VAT on items or services you’ve paid for whilst abroad within the EU. Of course, knowing what you can and can’t claim for, as well as keeping accurate records, are also vital if you as a business are to remain compliant with HMRC regulations, and avoid any potential inquiries or penalties.
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Our Approach
This is where Ten Forward Finance can help. We’ll handle all of your VAT bookkeeping and quarterly returns so you don’t have to. We have years of expertise and experience in advising on VAT related issues. We constantly ensure that we remain at the cutting edge of any latest VAT changes or useful tips, whilst having a wealth of knowledge bases and expertise to draw from including that of Ex-HMRC VAT inspectors and other VAT Specialists.
We can assist in ensuring that you are structuring your business as a tax efficient vehicle when it comes to VAT. For example, you may find that the VAT Flat Rate Scheme could be more useful for your business then being registered under the standard VAT scheme. Why not see how we’ve helped some of our clients choose the best VAT Scheme and structure for their business. Click Here
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For an initial discussion or to book a free consultation please contact us
