“With great power, comes great responsibility”. The same can be said to be true when it comes to great businesses. Your business is likely to be achieving a return which requires you to register for VAT. Currently the VAT threshold which makes it mandatory for a company to register stands at a turnover of £85,000 per annum.
If your business is not quite there yet, you may still want to voluntarily register for VAT.
Great responsibility however, does not have to be a burden. In fact, strategic tax planning can mean that the company VAT return can provide benefits to the overall running of your business.
What we do for the Company VAT Return
There’s a reason we call ourselves business advisors as well as chartered accountants. That’s because we’ll always be behind you with the right numbers, but we’ll work alongside you for your business. We ensure that we get a full understanding of how your business operates in order to best advise you on which VAT scheme would be most advantageous.