Value added tax is one of the most complex and onerous tax regimes imposed on business. The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of HMRC call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay the Exchequer more than you need to.
VAT Planning & Administration
Strategic VAT advice covering registration thresholds, voluntary registration benefits, and deregistration planning. We optimize your VAT position through careful timing of transactions, input tax recovery strategies, andadvising on complex supplies to minimize your overall VAT burden.
Appropriate VAT Schemes
Expert guidance on choosing the most beneficial VAT scheme for your business including standard rate, flat rate, annual accounting, and cash accounting schemes. Regular reviews ensure you remain on the optimal scheme as your business evolves and circumstances change.
VAT Control & Reconciliation
Comprehensive monthly VAT reconciliation services with detailed analysis of input and output tax. We identify discrepancies, resolve coding errors, and maintain accurate VAT control accounts that provide clear audit trails for HMRC inspections.
HMRC Relationship Management
This covers everything from preventing problems before they occur to demonstrating professional VAT management through proper systems, training, and documentation standards.
Regular VAT health checks identify potential risk areas before they become problems. We review your VAT processes, identify weaknesses in procedures, and implement robust controls that demonstrate good governance to HMRC during any future enquiries.
Comprehensive analysis of your business activities to identify VAT risks including complex supplies, partial exemption issues, and international transactions. We develop risk registers and mitigation strategies to minimize exposure to penalties and disputes.
Implementation of best-practice record-keeping systems that satisfy HMRC's requirements and provide clear audit trails. Proper documentation not only ensures compliance but demonstrates your business's professional approach to VAT management.
Service Benefits
- Peace of Mind
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We take the complexity out of VAT, ensuring you remain compliant without unnecessary stress.
- Cost Savings
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Through careful planning, we help you avoid overpaying VAT and identify opportunities for legitimate savings.
- Time Efficiency
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Our experts handle the entire VAT process so you can focus on running and growing your business.
- Risk Reduction
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With accurate reconciliation and proactive monitoring, we significantly reduce the risk of HMRC penalties.
Why Choose Us
- What makes your VAT Returns service stand out?
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We combine compliance expertise with strategic planning, ensuring you not only meet your obligations but also optimise your VAT position.
- Can you handle VAT for small and large businesses?
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Yes, we tailor our VAT services to businesses of all sizes, from start-ups to established companies.
- Do you offer urgent VAT support?
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Absolutely. We can quickly step in to resolve urgent VAT issues and provide ongoing prevention strategies.
Contact Bilberry Accountants today for expert VAT Returns management and personalised planning.
