A business must register with HMRC for VAT if its annual turnover for the previous 12 months exceeds the current registration threshold of £85,000, or if it is anticipated that it will do so. Even where this is not the case, it may be advantageous to register on a voluntary basis. We can advise on whether this would be beneficial on a case-by-case basis and, if so, assist through the VAT registration process.
Certain trades are exempt or otherwise ‘outside the scope’ of VAT. We can assist you to maximise VAT recovery.
Let Us Clear Up The Confusion Of VAT
Cameron Cunningham specialise in helping businesses of all sizes with their VAT obligations and requirements. There are different methods of paying VAT and it can be a complex process with harsh penalties if not completed correctly and within the set deadlines.
We can prepare and electronically file your VAT returns on a quarterly basis, as part of the Making Tax Digital scheme, advising you of the payments or refunds that may be due.