| VAT
Returns
Any business that has a turnover
exceeding £61,000 per annum of UK sales that would normally
be liable to VAT in the UK must register for UK VAT. The standard
rate of UK VAT is 17.5%. VAT returns must normally be submitted
to HM Revenue & Customs within 30 days of the VAT return period,
which is usually a 3-month period.
Any business that is VAT registered therefore requires the resources
of someone who is aware of the VAT system in order to complete and
submit VAT returns correctly and on time. The penalties and interest
charges that can be levied by HM Revenue & Customs for incorrect
or late VAT returns can be a significant cost to a business. Equally,
without expert assistance, opportunities to recover the full entitlement
of VAT incurred may be missed.
VAT Return Services
H&H VAT can complete VAT returns and any necessary supporting
documentation for businesses that do not have an in-house resource
available.
Alternatively, H&H VAT can review VAT returns and supporting
documentation for businesses that prepare VAT returns in-house,
but require the comfort of knowing that their returns have been
checked by experts and that VAT recovery has been maximised.
Our fees are normally negotiated in advance and are dependent on
the volume of sale and purchase invoices for each VAT return period.
Our fees are very competitive and can be tailored to client needs.
Please contact us for further information regarding our services
and the fees that we charge.
Please contact us for further information
regarding our services and the fees that we charge.
|
|