VAT can be the bane of everyone affected by it.
The complex regime of regulations imposes a tremendous administrative burden on businesses.
With the rate being so high, mistakes in calculating VAT can be costly – and the rigid system of surcharges and interest charges for mistakes, as well as the late submission of returns, only add to that burden.
Hicks and Company’s cost-effective VAT compliance and planning services can relieve you of this burden. Our team of VAT professionals will help to keep your VAT affairs in order, making sure you are collecting the right amount for each transaction while ensuring that you are making payments and filing returns correctly and on time.
In addition to providing a comprehensive bookkeeping and VAT accounting service, we can also advise on and help with:
• The pros and cons of voluntary registration
• The timing of compulsory registration
• Option to tax property
• Partial exemption
• Timing of VAT payments
• Flat-rate and margin VAT schemes
• Cash or invoice accounting for VAT
• VAT on imports and exports
• VAT compliance visits by HM Revenue & Customs
Contact us today for a VAT health check and to see how we can relieve you of the burden.
I have been a client of Hicks for the last 3 years for business and for my personal tax enquiries and I always receive great advice. I appreciate their prompt response and I trust their expertise. Hicks and Company have a great team, I am very pleased with their service throughout.
Ms BM, personal tax client and director of property investment company