Businesses with a turnover exceeding Annual Turnover to the concurrent Threshold of Value-Added Tax or if the companies are about to cross the limits of VAT threshold then such businesses must get registered as an obligation.

After registration of your business for VAT is accomplished then further proceedings are as follows:

• Selling of services and products must be followed by a VAT charge irrespective of the selling of such items and services to some other business entities or customers of individual category.
• Invoices you are generating must ensure the inclusion of VAT numbers.
• The act of manifesting the VAT amount you charged and the VAT amount you made payment of, must be ascertained after the completion of every quarter by filing a precise VAT Return after being accurately prepared to HMRC.

This charged VAT is called “OUTPUT TAX” while the paid VAT is known as “INPUT TAX”.

• The difference must be paid to HMRC if OUTPUT TAX exceeds the amount in regards to the INPUT TAX.
• In some other instances, if the amount in account for INPUT TAX is greater than the amount for the OUTPUT TAX then you are allowed to claim to refund of difference of the two amounts.

RATS OF VAT BEING CHARGED:

These include three distinguished rate types:

1. REDUCED RATE.
2. ZER RATE.
3. STANDARD RATE.

Complete Exemption or Partial Exemption from VAT is also applied to certain services and goods. To avoid HMRC Demands for Tax Unpaid (such demands are more often unexpected), the calculation of exact VAT amounts is essentially required.

There is a probability that the turnover amount of your business declines beneath the levels of threshold and if you hold registration for VAT then you are free to apply for the VAT De-Registration as a beneficiary of the emerged situation.

OUR TANGIBLE AND ROBUST VAT SERVICES:

We will ensure our strenuous efforts to provide our clients with best of VAT dealings:

PROFOUND PIECES OF ADVICE ON VAT TRANSACTIONS:

• Optimization of Cash Flows and precise Bookkeeping management mechanisms.
• Procedures and factors associated with VAT De-registration and VAT Registrations.
• REVIEW Strategies and Completion of VAT Return Records with precision before submitting and filing them to HMRC.
• VAT payment time schedules and related framework of guidelines.
• Relief stratagems for BAD DEBTS.
• Analysis of liabilities on produced goods, services, and supplies, in regards to VAT.

SCHEMES, PLANNING, AND STRATEGIES FOR VAT:

You will be capable of ensuring a stable, reputable and reliable standing in front of HMRC by structuring of Transactions. We will support you to achieve the task of Transactions structuring in a manner that you will be paying fewer VAT amounts as a result.

MANAGEMENT OF JEOPARDY AND POTENTIAL RISKS ASSOCIATED WITH VAT:

We will advise on Risk Management Methodology in numerous domains:

• When seeking professional advice is mandatory.
• Proficient and accurate procedures for Reviews and Records.
• Training and Requirement of Professional Staff.
• The strategies to combat situations accompanied by unexpected scenarios, for instance, immediate and astounding illness of a key working professional.
• The decision when a stringent Clearance from HMRC needs to be sought.