At Raw, we'll act as your personal VAT accounting team. Our qualified VAT accountants will prepare and submit your VAT returns and reports on your behalf, all year round.
Businesses must submit VAT (value added tax) returns to HMRC on a monthly, quarterly, or annual basis. The return summarises all of the revenue and expenditure VAT collected throughout the period, and includes details on how your company charged and reclaimed VAT during that time. If the charged amount is greater than the VAT spent during that period, you’ll pay the difference to HMRC, but if that VAT incurred is greater, HMRC will refund your business the difference.
However, calculating VAT, knowing how and what to claim VAT on, knowing when to pay VAT and even knowing how much exactly to pay can all quickly become complicated for business owners. What’s more, legitimate schemes run by HMRC can even save VAT registered businesses money. That’s why at RAW, we offer VAT accounting services that make the VAT process simple. Whether it’s paying VAT, or registering for a VAT scheme: We’re on hand to help.
Book your free consultation call with our chartered online accountants today.
How we help with your VAT Returns
For most small businesses, VAT returns are a quarterly compliance requirement. If you exceed the £85,000 VAT registration threshold, which the majority of our small business clients do, it is mandatory for you to register for VAT. If your sales do exceed this amount and you aren’t registered for VAT it’s critical that you contact us as soon as possible.
These days, preparing and filing quarterly VAT returns is a straightforward extension of the bookkeeping process, which is why all of our services include the preparation and review of your VAT return.
We’ll run a detailed check of your VAT return, and even ask you for approval before submitting it to HMRC. Once approved, we’ll submit the VAT return with HMRC on your behalf as your agent. If you make manual payments, we’ll notify you of any VAT payment required. Plus, we’ll use our tax efficiency service to show you where you might be able to save money with your tax returns moving forward.
Why choose us for your small business VAT accounting services?
Our VAT accounting services for small businesses are made to take the hassle out of small business owners needing to manage their own VAT returns when there’s so much else on their plate.
We’re qualified VAT accountants who can help with everything: from initial VAT registration procedures, to preparing your VAT return, to filing the return online with HMRC online services in compliance with Making Tax Digital, to running VAT calculations to minimise your VAT liabilities.
Not convinced yet? Here’s a few more reasons why you should choose us to manage your small business VAT return.
Our commitment to tax efficiency is what distinguishes us. In fact, we are so certain that we will save you money in taxes this year that at the end of each year, we provide all of our clients with a tax savings summary that shows you exactly how much money we’ve saved you.
We accomplish this by analysing tax rates and band changes on a yearly basis, ensuring that your salaries and dividends are correctly aligned with them to avoid unnecessary tax charges.
We like surprises, but not the bad kind. That’s why we operate on a fixed fee basis and inform you ahead of time what the cost will be before beginning any work with your small business.
And if you’re not completely happy with our service on a monthly basis, we have a money back guarantee. No hard feelings.
When you need us, we’ll be there. We pride ourselves on responding within 24 hours or less and will contact you at least once a month, if not more often, to check in. Plus, as professionals who understand that business isn’t always 9-5, we know that things may get hectic. So we can be there 8-8. Just let us know.
