NP & US Chartered Accountants | Barnet Based VAT Services

VAT Services

Why spend precious time doing the accounts and VAT when it would be far better spent doing more of what you are good at?

Maximise Your VAT

Although job satisfaction and other benefits play their part, primarily you are in business to make money. NPUS Accountants can help you to make more by doing your books and taking care of your VAT Return, leaving you time to concentrate on managing your business.

Value added tax is one of the most complex and onerous tax regimes imposed on business – so complex that many businesses inadvertently overpay or underpay VAT.

The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of Customs and Excise 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! We provide an efficient cost effective VAT service, which includes:

Assistance with VAT registration
Advice on VAT planning and administration
Use of the most appropriate scheme
VAT control and reconciliation
Help with completing VAT returns
Planning to minimise future problems with Customs and Excise
Negotiating with Customs and Excise in disputes and representing you at VAT tribunals

Frequently Asked Questions

What is VAT?

VAT, or Value Added Tax, is a consumption tax applied to goods and services at each stage of production and distribution.

Who must register for VAT in the UK?

VAT registration is mandatory for businesses in the UK that exceed the registration threshold, but voluntary registration is also an option for some. Registering for VAT enables businesses to charge and reclaim taxes on transactions.

Why is VAT important for businesses in the UK?

What are the different VAT rates in the UK?

In the UK, there are standard, reduced, and zero rates for VAT, depending on the type of goods and services.

How can your services assist with VAT registration?

We guide you through the VAT registration process, ensuring accurate timely submissions and compliance with HMRC requirements.

Can international businesses reclaim VAT in the UK?

Yes, our services assist international businesses in reclaiming VAT on eligible expenses incurred in the UK.

How can your VAT services help businesses stay compliant?

We provide ongoing support to ensure your business stays compliant with evolving VAT regulations, minimizing the risk of non-compliance.

How does your VAT advisory service adapt to changes in regulations?

We stay informed about updates in VAT regulations, helping your business adapt seamlessly to changes and avoid any disruptions.

What are the implications of making VAT errors?

VAT errors can lead to fines. Our services include thorough reviews to identify and rectify potential errors, ensuring compliance.

Can you assist with VAT-related queries and inquiries from tax authorities?

Yes, we handle all communication with tax authorities and address any inquiries or concerns on behalf of our clients.

Contact Us Today.

We can meet you in our offices, your offices or a venue of your choice, and at a time that suits you.

VAT Services

Maximise Your VAT

Frequently Asked Questions

Contact Us Today.

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