Penny & Pounds

VAT

VAT can be complex and time-consuming to manage. We provide clear, reliable VAT support, from registration and scheme selection to accurate returns and full HMRC compliance.
Enquire Now

Clear, Compliant VAT Support for Your Business

VAT brings additional responsibilities and strict reporting requirements that many businesses find difficult to manage without professional support. From knowing when to register to submitting accurate returns, even small errors can lead to penalties or unnecessary VAT payments.

‍

Whether you’re registering for VAT for the first time or already submitting returns, we provide clear, practical guidance tailored to your business. We’ll help you choose the most suitable VAT scheme, ensure your records are set up correctly, and keep you compliant with HMRC’s Making Tax Digital requirements.

‍

We prepare and submit your VAT returns accurately and on time, review your transactions for reclaimable VAT, and help you avoid common mistakes. Our aim is to remove the stress of VAT, keep your business compliant, and make sure you’re not paying more VAT than you need to.

“VAT used to be stressful and confusing, but everything is now handled smoothly and clearly. I always know where I stand.”
George

Frequently asked questions.

If you have any further questions don't hesitate to reach out to us, we're always on hand to help.

Get In Touch
When do I need to register for VAT?

You must register for VAT if your taxable turnover exceeds the VAT threshold or if you expect it to do so within the next 30 days. We’ll assess your situation and advise on the best time to register.

Can you help me choose the right VAT scheme?

Yes. We’ll review your business and advise on the most suitable VAT scheme, such as Standard Rate, Flat Rate, or Cash Accounting, to ensure you remain compliant and tax-efficient.

Do you submit VAT returns to HMRC?

Yes. We prepare and submit your VAT returns directly to HMRC, ensuring they are accurate, compliant with Making Tax Digital, and submitted on time.

What records do I need to keep for VAT?

You’ll need to keep accurate digital records of sales, purchases, and VAT amounts. We’ll help you set up and maintain records that meet HMRC requirements.

Can you help if I’ve made mistakes on previous VAT returns?

Yes. If errors have been made, we can review previous returns, advise on corrections, and help you bring everything back into compliance with HMRC.

Penny & Pounds