VAT
There are many different VAT schemes that you may be able to register for, depending on your circumstances.
For example, apart from standard accounting, there is the cash accounting scheme, several different retail schemes, flat rate scheme, margin/secondhand goods scheme, annual and monthly accounting, to name a few. There’s even a special VAT scheme for gold! Some (but not all) of these options may be combined subject to HMRC rules.
It’s all to easy to make a mistake with VAT and the penalties HMRC impose for getting it wrong can be very costly.
If you’d rather not spend time worrying about VAT rules…
Figurate Ltd can complete your VAT returns under your chosen VAT scheme. This can be done as part of any bookkeeping tasks, or by itself from your own bookkeeping records.
Got a VAT Inspection?
A visit from the VAT man does nothing for your stress-levels, even when there are no problems with your records. We can also help you to prepare for a VAT visit (inspection) and be present during the visit itself, if desired.
