Accurate, Compliant, and Hassle-Free VAT Solutions
Expert VAT Services for Your Business
Every business need best VAT management services which can be quite difficult and time consuming to find. At Fresh Accounts, we are experts in VAT and Tax. We can help make sure your company stays compliant with the law. Our team is made up of dedicated tax accountants and VAT specialists who can take care of everything from registration right through to advice so you don’t have to worry about anything except growing your business. We can help interpreting HMRC return forms or submitting them on your behalf.
VAT Services at Fresh Accounts
VAT Registration
From VAT registration to submitting the necessary documents accurately and on time, we handle it all. Whether you’re starting a new business or you need to update your VAT status, we make everything easy and stress-free for you.
VAT Compliance
It is very important to keep oneself updated about the recent VAT legislations and rules. Our comprehensive VAT compliance services that involves frequent examination and assessment, entail regular reviews in order to detect and correct potential issues at an early stage.
VAT Returns
We take care of preparing and submitting your VAT returns, ensuring accuracy and compliance with HMRC regulations. Get assistance from us to avoid penalties and handle VAT charges skilfully, no matter if you want to file a VAT return or submit it online.
VAT Refunds and Reclaims
Reclaiming VAT might seem challenging but we help you get your refunds back, ensuring that you maximize refunds and comply with all the rules.
VAT Advisory
We have specialists in VAT who are able to give you advice that fits with your business needs. It could be about international rules for VAT or maybe what is needed for certain industries, however we provide insights so as to ensure maximum utilization of your VAT affairs.
Our Features
Why Choose Our VAT Services?
01
Stay Compliant with VAT Regulations
02
Reduce Your Administrative Burden
03
Minimize VAT Liabilities and Maximize Refunds
04
Receive Expert Advice and Strategic Guidance
05
Avoid Penalties and Interest Charges
FAQs
1. What is the VAT threshold?
Businesses can voluntarily register VAT. However if taxable turnover exceeds £85,000, businesses must register for VAT.
2. What are the VAT schemes and VAT rates?
Businesses can pay 20%, 5% and a zero rate VAT depending on their goods and services.
The standard rate of VAT is 20%.
Small businesses can use Flat Rate Scheme VAT.
Second-hand goods, antiques and collectibles use VAT Margin Scheme.
3. How often is a VAT return submitted?
VAT returns are submitted quarterly and some businesses can also submit monthly or annual returns .
4. What records are needed for VAT?
Businesses must keep detailed records of their sales, purchases and VAT invoices.
5. How can VAT errors be corrected?
Significant errors are reported directly to HMRC and minor errors are corrected in the following VAT returns.
6. What happens if a VAT return is submitted late?
Penalties and interest may be charged for late submissions and HMRC can take further action if late submissions become consistent.
7. What happens if a VAT return is submitted late?
Penalties and interest may be charged for late submissions and HMRC can take further action if late submissions become consistent.
8. What expenses can I reclaim VAT on?
Businesses can reclaim VAT on eligible expenses, such as business supplies and services. We help you identify and document these expenses to maximize your refunds.