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Ongoing VAT
Ongoing VAT tends to tie in with our bookkeeping services. However,
we do process VAT returns for clients who maintain their own
accounting records.
Registering for VAT
"Should I register for VAT?"
"Must I register for VAT?"
"May I register for VAT?"
"If so, when?"
"What can I claim? Can I claim it on my car? On my petrol receipts?"
"From when can I claim it?"
"What are my options"?
"Is it Flat rate or Cash accounting or standard rate or Exempt or Zero
rated"
The answer to all these questions is "it depends". VAT is an
incredibly complicated affair. It is bound by EU directives and
regulations dating back to the 1970s and has been altered many
times. Primary legislation (the VAT Act 1994) is often unhelpful in
answering many of the questions above.
What is needed is an appreciation of case law and decisions,
together with general experience.
It is strongly suggested to new or existing clients that they speak
to us. If we don't know the answer immediately we can find out.
Deregistering for VAT
De-registering for VAT requires careful planning. We strongly
recommend that any de-registration is performed through us in order
to avoid an unexpected charge. From experience these are easily
missed by those without regular experience of this. |