Value added tax is one of the most complex and onerous tax regimes imposed on business!
Making Tax Digital (MTD) was introduced in April 2019 by HMRC to ensure that businesses report the correct financial data, by analyzing individual transactions rather than summaries, using a compatible software. This means greater scrutiny of reporting, however it introduces so many more benefits for accountants and businesses owners alike.
Although MTD for VAT seems like a revolution for businesses and individuals alike, the MTD scheme does in fact make it easier to manage, report and pay your taxes to HMRC.
We can provide a trained, professional eye to help you avoid the pitfalls. We offer 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;
• VAT inspections;
• Planning to minimize future problems with HM Revenue & Customs;
• Negotiating with HM Revenue & Customs in disputes and representing you at VAT tribunals

