VAT advice and preparation of VAT returns

The team at Accounting Solution Hull offer a wide range of VAT advice and support, helping you to submit accurate tax returns that satisfy the complex criteria of HMRC.

With ever-changing regulations and so many other pressures on your time, it can be reassuring to have an expert who you can hand your VAT tasks to. With our in-depth and up-to-date knowledge, our VAT services demystify confusing VAT matters, ensuring that you have a full understanding of your legal responsibilities and someone else to satisfy them on your behalf.

By seeking professional VAT advice, you can maximise efficiency while simultaneously reducing the potential for costly mistakes – as with all HMRC dealings, penalties can be accrued for incorrect submissions or late returns.

By leaving your VAT arrangements to us, you can invest more time on your main business activities, confident that your VAT compliance is in the safest of hands.

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Comprehensive VAT services

Our VAT advisors offer comprehensive VAT services, including but not limited to:

  • Tailored advice based on your existing circumstances
  • Identification of VAT saving opportunities
  • Identification of potential issues
  • Advice on VAT rates/schemes
  • Advice on VAT on overseas trading
  • Updates on forthcoming changes to VAT legislation
  • Weekly or monthly bookkeeping services
  • VAT return completion and submission

During your FREE initial consultation, we’ll take the time to find out relevant details about your business in order to ensure that you’re not overpaying or underpaying your VAT and to make sure that your turnover exceeds the VAT registration threshold (currently set at £79,000 over 12 months).

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VAT legislation and your business

Not all businesses pay VAT at the same level; there are 3 VAT rates which apply to different types of business activities:

  • Standard VAT rate = 20%
  • Reduced VAT rate = 5%
  • Zero VAT rate = 0%

The rate of VAT you pay depends on the type of products or services you provide and also on the sector you operate within. Most organisations are required to submit a VAT return on a quarterly basis – but of course if you decide to take advantage of our VAT services, we’ll manage this for you.

If you’d like to speak to a member of our team regarding our VAT advice and services, please give us a ring on 01482 656148 or send us an email with a brief outline of your query and we’ll get back to you as soon as we can.

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