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VAT is a tax that's charged on most goods and services that VAT-registered businesses provide in the UK. It's also charged on goods and some services that are imported from countries outside the European Union. VAT is charged when a VAT-registered business sells to either another business or to a non-business customer.
Whether or not you register for VAT depends on your turnover, or you can choose to voluntarily register for VAT. The benefit of a business registering for VAT is that you get to claim back any VAT the business takes in. This is dependent on whether the sales (OUT) VAT is less than the purchase VAT (IN).
Chambers Bookkeeping offers advice and assistance about VAT registration, helping you review the effects on your business of registering for VAT and if necessary, handle the VAT registration paperwork.
Once your business is registered for VAT, or if you are already VAT registered, you’ll be assigned an account manager who will calculate the quarterly VAT that is due for your company and complete your VAT returns.
All that is required is for you to send us the information needed to complete the returns, and then make the required payment to HM Revenue and Customs, or alternatively if funds are owed to you by HMRC we will handle your claim for you.
When your VAT return is complete, all your information, including your previous VAT returns, will be stored in your secure personal file. A copy of all information will be sent to you for your records.
We believe strongly in our customers understanding the financial running’s as much as we do. We make things simple by using day to day language and go through all documents with you until you are fully happy and comfortable with the information provided.
Completing your VAT returns is part of our complete credit control service. Chambers Bookkeeping offers a relaxed hassle free control to your finances. You can spend the time doing what you do best; running your successful business, with the comfort of knowing your finances are in the best of hands.
Total credit control is our comprehensive accounting package that allows you to maintain, monitor and manage your business finances on a monthly, Weekly or fortnightly basis. This comprehensive package starts from as little as £200.00 a month and comprises of:
End of year accounts
TAX & VAT Returns
Monthly, weekly or fortnightly bookkeeping
Monthly tax liability assessment.
CC Club membership (Please read CC Club for more details)
Leasing with HMRC on your behalf (Tax and VAT queries)
Self Employed (Sole traders, LTD, Directors and Partnerships)
Income from land and property
Capital Gains Tax
What Is VAT
NO Jargon, Clear VAT Advice
Financial control from as little as £50.00 per month