VAT Returns and “Right Tax Right Time”

Submission of inaccurate VAT Returns can be costly and can be avoided by ensuring we have all the relevant information from you to declare the right tax at the right time.

If the tax due is not declared at the correct time on the right VAT return , HMRC will view this as an error, it is therefore important to ensure VAT tax point rules are adhered to and VAT returns are submitted and paid correctly and on time.

Penalties for errors can range from 0% to 100% of the tax due depending on the category of the error, whether the error is “unprompted” or “prompted” and whether HMRC consider that “reasonable care” was taken in completion of the VAT records.

We therefore require receiving a copy of any invoices you have issued yourself or timesheets that will trigger a payment, to enable us to prepare your invoices for accounting purposes in a timely manner and to ensure your VAT figures are also declared on time.

Remember – Right Tax Right Time = No Penalties Surcharges or Interest.

If you have any queries regarding this, please don’t hesitate to contact our VAT Manager, Jennifer Martin.

Our Accountancy Packages

Choose from a choice of three fixed-fee packages, each one designed to suit how 'hands-on' you would like to be in the day-to-day administration of your company.

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Provides all key Limited Company support services that an experienced contractor requires - ensuring low costs but leaves you with the responsibility of making all HMRC payments.

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All the benefits of our Standard Package plus Initial IR35 Contract Review, Annual Tax Planning Review and Second Shareholder Personal Tax Return.

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Our most popular service, 83% of our clients enjoy the all- inclusive support that this option provides. We take care of everything on your behalf – you won’t find a more complete service anywhere.

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