As with the majority of HMRC legislation, VAT thresholds and compliance procedures are constantly evolving. We at Stone Accountants can leave you safe in the knowledge that our highly trained team of staff are equipt to ensure your VAT submission is compliant and as profitable as possible. Working with you, our team ensure VAT is calculated in a correct manner, that puts real emphasis in reducing costs by ensuring our clients reclaim every last penny available to them. Here are just a few items that are often used for business, that people aren't aware they can reclaim VAT on:
• Mobile phone
• Accountancy Fee’s
Alongside your quarterly VAT submission one of our management accounting team will produce management accounts to re-evaluate your position. The HMRC run different schemes that help small to medium sized businesses and, with our constant analysis, we ensure your business will only ever pay what is absolutely necessary.
VAT compliance has long been an area where HMRC seek to pursue tax avoidance therefore we always advise our clients that if you are unsure, seek professional advice. To speak to one of our expert team ....
- Detailed guide: Use and submit Supplementary Declarations February 18, 2019You must submit Supplementary Declarations (SDs) when you're importing or exporting to work out how much duty you owe.HM Government
- Detailed guide: Get a UK EORI number to trade within the EU February 18, 2019UK businesses trading with the EU will need a UK EORI number to continue trading if the UK leaves the EU with no deal.HM Government
- Detailed guide: Use the National Export System to make an export declaration February 18, 2019If you're an exporter you must use the National Export System (NES) to declare your exports to countries outside the EU.HM Government
- Guidance: PAYE draft forms: specifications for substitute forms P60 February 18, 2019Use this guide to design employer substitute forms P60 for tax year 2019 to 2020.HM Government