Value Added Tax (VAT) is a tax that's charged on most goods and services that VAT-registered businesses provide in the UK. It's also charged on goods and some services that are imported from countries outside the European Union (EU), and brought into the UK from other EU countries. VAT is charged when a VAT-registered business sells to either another business or to a non-business customer. When VAT-registered businesses buy goods or services they can generally reclaim the VAT they've paid.
There are three rates of VAT, depending on the goods or services the business provides. The rates are:

  • Standard - 17.5%
  • Reduced - 5%
  • Zero - 0%

There are also some goods and services that are:

  • Exempt from VAT
  • Outside the UK VAT system altogether

When to register
You may have to register if your sales are over £73,000 for the last 12 months, otherwise you may be able to register voluntarily
Ongoing VAT tends to tie in with our on-site or off-site bookkeeping. However, we do process VAT returns for clients who maintain their own accounting records. We have a vast experience with flat rate VAT, cash accounting VAT, retail VAT. we prepare monthly as well as quarterly VAT returns for our clients with or without EC sales list

We can help to answer the following questions
"Should I register for VAT?"
"Must I register for VAT?"
"May I register for VAT?"
"If so, when?"
''what can you cliam "From when can I claim it?"
"What are my options"?
"Is it Flat rate or Cash accounting or standard rate or Exempt or Zero rated"

Deregistering for VAT
De-registering for VAT requires careful planning. We strongly recommend that any de-registration is performed through us in order to avoid an unexpected charge. From experience these are easily missed by those without regular experience of this.