Managing your VAT from registration to regular returns

Managing your VAT from registration to regular returns

We help businesses with all aspects of VAT registration and ongoing management.

VAT Registration

In general, VAT registration is required when your business’ sales hit £85,000 in any 12-month period. However, it does not apply in some specific circumstances i.e. a small number of trades are exempt, or if you sell to customers outside the EU. 

Knowing whether to register or not and the associated benefits and pitfalls of doing so is not always straight forward, so we can guide you accordingly.

Some businesses may elect to register for VAT before they are legally required to, and we can advise you too on the pros and cons of this approach.

VAT Returns

We have a specialist team that look after clients that need assistance with their VAT returns.

We are here to help and advise you when you need it most. As with all our business support accountancy services, we have several options available to suit your budget and to your existing resources:

  • If you maintain your books and records in-house, we can review activity in the quarter, commenting and advising on any matters that arise. Then either you prepare and submit the VAT return, or we can do it for you.
  • Use us to maintain your books and records. We will carry out data processing and prepare and submit the VAT return for you. This service is usually used by smaller clients who do not require a full bookkeeping service.

Flat Rate Scheme

The Flat Rate Scheme was set up by HM Revenue & Customs to make VAT compliance easier for smaller businesses. Those with sales (before adding VAT) of less than £150,000 per annum can opt to use the Flat Rate Scheme. If your business is a member of this scheme, it makes the preparation of VAT returns more straight- forward. Again, we can prepare and submit the VAT returns for you or review the work you have done before you submit it to HMRC.

Our team at Haggards Crowther can help you decide whether you qualify for the scheme and whether registration will be a benefit to you. 

Contact us now to find out how our processes and services can help you stay ahead of HMRC’s deadlines by calling 020 7384 0920.

Back to top