VAT
Unfortunately as part of expanding and growing your business, often as your turnover increases VAT becomes an unavoidable requirement, along with all the paperwork that comes with it. At Pattinsons we are here to help clarify the common misconception that VAT is just submitting your return. We explain VAT refunds, EC Sales lists and lots more of the nuts and bolts that need to be considered. Pattinsons can handle every aspect of your VAT, from registering, calculating and submitting returns to dealing directly with HMRC and dealing with all accompanying paperwork.
How can we help you?
Upcoming VAT Changes
From the 1st April 2019, VAT rules will be changing and under the new making tax digital regime, all businesses will need to file their VAT returns using third party software. HM Revenue & Customs will be withdrawing their online facility to file VAT returns. Paper returns have continued to be for special circumstances only.
VAT Registration
Negotiating the VAT threshold and scheme options isn’t everyone’s cup of tea, at Pattinsons we can give you that all important simplified advice. We can dot the i’s and cross the t’s for you, by handling the registration, maintain accurate records to enable preparation of your VAT returns and submissions.
VAT Returns
Gone are the days of outdated complicated spreadsheet systems, Pattinsons uses the highly ranked Xero bookkeeping and accounting software to take care of your VAT returns. No more late fees and if necessary, we can also provide assistance from one of our tax specialists to work with you to get your tax affairs up to date in no time. Don’t worry, if you are happy with your current system and have no desire to change, we can still help! We will work with you, still providing the same excellent customer service you’d receive otherwise, to maintain your preferred VAT records and ensure accurate returns are prepared and filed.
VAT Submissions to HMRC
Not only will we handle your VAT registrations, whilst maintaining accurate records, we process and submit your returns. Ensuring we confidently confirm the correct amount is calculated considering what you owe, what you can reclaim and the VAT refund you may be entitled to from HMRC. This will ensure that all submissions are always on time, and when due, paid on time. As you’ll never default on a payment, you’ll never waste company funds on unnecessary surcharges. And because we’ll ensure that your return is completely accurate, you won’t need to worry about being stung with any penalty fees for incorrect returns either.
VAT HMRC Agent
If you nominate Pattinsons as your business’s VAT agent with HMRC, we will be able to deal directly with HMRC for you, saving you time and putting your mind at ease. As part of this, HMRC will send all correspondence straight to us taking all of the hassle away. For tax bills and refunds, don’t worry, they’ll still be send direct to you.
EC Sales List online agent
Is your business VAT registered and supplying goods or services to other VAT registered companies in the EU, then our team will complete and submit your mandatory EC Sales List (ESL) to HMRC by the deadline. Having carefully verified all of your customers VAT information, we will ensure that your EU accounts are accurate and correct.
Investigations and tax fee protection
With HMRC enquires setting records, investigations are becoming increasingly complex. Pattinsons offer a tax investigation service plan to combat this and give clients piece of mind. As long as the year in question is filed on time, this will cover our professional fees for all time spent assisting and replying to HMRC until the enquiry is closed.