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 ....
- Press release: Making Tax Digital for VAT pilot open for business October 16, 2018A pilot for a new online VAT service was launched today, with HMRC inviting more than half a million businesses to try it ahead of new rules coming into force in April 2019.HM Government
- Guidance: Making Tax Digital for VAT: service availability and issues October 16, 2018Check the availability and any issues affecting Making Tax Digital for VAT.HM Government
- Promotional material: Software suppliers supporting Making Tax Digital for VAT October 16, 2018Find out which software suppliers HMRC is working with to produce suitable Making Tax Digital for VAT software for businesses and their agents.HM Government
- Detailed guide: Help and support for Making Tax Digital October 16, 2018Watch webinars and videos for help with using software to send Income Tax updates and VAT Returns to HMRC if you’re an agent or a business.HM Government