VAT Returns Accountants
A VAT return determines how much VAT you are due to pay HM Revenue & Customs. It is a form that is usually filed four times a year and sent to HMRC. You will only need to file VAT returns if you are registered for VAT. The VAT return shows the calculation of the amount of VAT that is due on sales excluding the amount of VAT that is reclaimable on purchases.
A VAT return is usually submitted every 3 months during the ‘accounting period’. Even if you don’t have any VAT to pay or reclaim, you will need to file a VAT return. The VAT return records the following:
• The amount of VAT you owe HMRC
• The amount of VAT you can reclaim
• Your total sales and purchases
• What your VAT refund from HMRC is
Why Do Businesses Need VAT Returns Services?
If you do not need to register, it may sometimes be beneficial to register voluntarily. If you are thinking about whether you have to or should register, then you should consult one of our accountants. We can help you on deciding the best option for your financial needs.
Businesses or individuals that are self employed may need to register for VAT id your turnover is more than the current VAT threshold. In this case, you can either file your own VAT return or choose our professional and competent accountants to do the job for you.
At Royds Accountancy, we cover all your accounting and taxation needs. Our team of skilled and friendly accountants make the process of filing and registering for VAT returns easy and hassle free.
All you will need to do is deal with the payments and banking and provide us with your invoices, receipts, bank statements and other paperwork monthly or quarterly. We can take care of the rest.
The benefits of outsourcing your Vat returns with Royds Accountancy include, accurate calculations when processing all transactions using a specialized software, reconciling all bank accounts to your bank statements checking for long outstanding items or errors, providing expert advice on how you can manage profit and loss, transaction checks for VAT registered businesses to ensure that correct services are applied, and a service that is quick and convenient for you.
Everything your business needs, from registration to returns submission.
• Your VAT Returns produced accurately and submitted on time
• Your own dedicated accountant
• Unlimited help and advice throughout the year
• We take care of all dealings with HMRC and file all necessary documentation
At Royds Accountancy, our VAT return services are reliable and accurate. We provide a personal touch, which allows us to always have time for our clients. If you are looking for a VAT returns accountant to handle your VAT returns, contact our accounting team to get more information on the areas we cover and the services we provide.