of a transaction can be costly...
implications of a transaction
can be costly...
VAT
VAT is a complex tax & the implications of getting it wrong can be huge. Our experts can provide advice on many areas, including:
- When it is compulsory for you to register for VAT
- Whether you might benefit from voluntary VAT registration
- Which software would be best for your business
- Whether it be beneficial for you to use the flat rate scheme or cash accounting
- The VAT implications of a business sale or purchase
- What are the VAT implications of a property sale or purchase
- Opting to tax commercial property
- Partial exemption
- Which VAT rate to use for work on a building project
- The VAT reverse charge for construction work
Speak to an expert…
Laura Pain
Associate Partner
More than 2.7m private sector businesses are VAT registered
How can Mitchells help?
Submission of your VAT Returns
Our in-house experts can help you decide which software is best for your business. We can also show you how to set up your software and use it in the most effective way for your business. We can review your figures before you submit your VAT returns to HMRC.
On-Going Advice
We can help with any queries you may have, such as whether you can reclaim the Input VAT incurred on a specific item or what rate of VAT you need to charge on a particular supply.
We can also advise on whether a VAT scheme such as cash accounting or the flat rate scheme would be beneficial for your business.
Not VAT Registered Yet?
We can advise you how to keep track of when you should register. We can also assist with the registration process for you.
Some businesses with turnover below the VAT threshold choose to register voluntarily, we can advise you on whether that would be right for your business.
One testimonial demonstrating how we add real value…
“Myself and my husband have this year taken over a sign company and I wanted to be involved in some way.
Thanks to the training and advice provided by Mitchells I was able to learn how to use Sage Business Cloud Accounting software with no previous book-keeping experience. I now feel confident in using the package and the staff at Mitchells have helped with any queries or problems I have had no matter how small.
I’m now able to use the package with confidence and am actually enjoying keeping control of the company finances.
I have been very impressed with the service I have received and the help and training they have provided. “
Donna Tugby, CCSigns
‘Mitchells were a great help with setting up my new software and showing me how to use this to file my VAT returns.’
Paul Athorn
Athorn Builders
How can we help you?
