Value Added Tax (VAT)

VAT Registration

Taxation in general is designed to allow the Government to collect revenue on the profit element of your trade and VAT follows this rule.  But first you must be registered for VAT and Gower Accountancy is able to register your business for VAT online quickly and with a minimum amount of fuss.   Along with the VAT registration process, we can assist in getting you up to speed with the various rates of VAT and can answer any of your  questions. And we will set you up with a system to ensure that VAT is handled in an efficient way. Not handled properly, VAT payments can quickly escalate into a nightmare.

VAT Planning

As with any form of taxation, being ahead of the game will save you money in the longer term.  Aspects such as the timing of registration and invoicing strategy can impact the amount of VAT you pay.   HM Revenue & Customs operates a number of different schemes to simplify the burden and these can be used to reduce your overall tax liability too.  Gower Accountancy are extremely well versed in all such available schemes and can assess the most suitable path for your VAT payments to take.

VAT Compliance

We can, alongside our bookkeeping services, calculate and keep your VAT records. We will prepare your VAT Return online and notify you of the amounts payable.  We pride ourselves in the fact that we have never missed a deadline for any of our clients and we aim to maintains this 100% record.

Whatever your VAT query, from start ups, to investigations, to ceastion we can help you along the way.  Why not give us a call today and see what we can do for you.

Gower Accountants Leicestershire have the VAT and Accounting expertise and the business and personal commitment to help you to maximise the potential of your business.