Value Added Tax (VAT) is a tax collected from customers on goods and services which is then paid to HM Revenue and Customs (HMRC). From the point of the buyer, it is a tax payable on good or services purchased and from the seller’s perspective, it is a charge for production of goods or services.
A seller must be registered for VAT in order to charge VAT. Further,
1.Your company or organisation must be registered, if VAT taxable turnover is more than £83,000.
2.You can register voluntarily if it’s below£82,000, unless everything you sell is exempted.
To charge VAT, you will need an expert professional hand to help you out with VAT advice and take care of your VAT returns. GLP Accountancy can play that role with services including:
1.Filing of VAT returns for each period including output VAT and input VAT. Output VAT means all the taxes you have charged to your customers on your invoices whereas Input Tax means the VAT you have paid from invoices elsewhere.
2.Collate information on your behalf and file your VAT returns on your behalf.
By harnessing our expertise, you can save up money and also ensure that your business can claim back more VAT than what you may think you could.
GLP Accountancy can also help businesses of all sizes ensure their VAT affairs are compliant and identify any planning opportunities that may be available, including:
1.Advising on special schemes.
2.Setting up bespoke partial exemption special methods.
3.VAT voluntary disclosures; &
4.Advising on VAT rates applied to income
Working with you, our team will make sure that your VAT returns are filed and tax paid on time. Approaching the whole process in a professional manner, they will take a close look at your business and can advise and assist with all of your accounting and tax requirements. This will leave you with peace of mind to run and develop your business.
With GLP Accountancy, VAT worries become history!!
For further information and advice on choosing the right option for you, please feel free to contact a member of our team at email: firstname.lastname@example.org OR mob: 01322 303 276. who would be happy to answer any questions that you may have.
1.Private and confidential tax advice
2.Face to Face meetings in 71 locations
3.Virtual Finance Director
4.We are open on Saturday
5.Free and Competitive quotes
Tax and Accounting are time consuming and there are so many rules and regulations. But as a business owner you can’t get away from these and they are simply tasks that need to be done and done well.
GLP Accountancy with its knowledge and expertise in all areas of Accounting & Tax is more than happy to take on the bean counting and number crunching for you, leaving you to concentrate on running and developing your business, saving you time and money. . Working with GLP Accountancy, you can expect prompt, friendly & professional quality services, customised to your requirements and all of it at extremely competitive rates
• Tax and tax planning including VAT, Corporation Tax, Self-Assessment and other tax issues
• Preparation of financial statements in UK GAAP and IFRS if required
• Pay-roll Solutions of FPS, EPS, pay-roll end, P11D etc
• Companies house compliance of submission of annual returns and annual accounts.
• Regulation and Compliance
• Tax and Business Advice and Accounts Support
,Ultimately we will take care of everything, allowing you to focus on running and developing your business – saving you time and money.
We offer a cost-effective service delivered in a manner that makes sense to our clients and provides added value to them. We deliver our clients a carefully chosen combination of unique benefits and because of our operating structure we can reduce our costs and pass the savings on to you.
We Don't do different things, We do things differently!!