VAT Returns Service UK
Unlimited VAT advice
Help choosing VAT schemes
We handle all HMRC dealings
Making Tax Digital compliant
Dedicated VAT Accountant
Accurate Returns & Filed on time
Unlimited VAT advice
Help choosing VAT schemes
We handle all HMRC dealings
Making Tax Digital compliant
Dedicated VAT Accountant
Accurate Returns & Filed on time
VAT can feel like a burden, and the idea of being an “unpaid tax collector” is one we hear often. While the rules have been simplified over the years, calculating VAT correctly and submitting your returns on time still takes up a considerable amount of your time.
We work with you to prepare and submit your VAT returns, either on their own or alongside our bookkeeping service.
We can also help you choose the right VAT scheme for your business. This decision alone could improve your cash flow and potentially save you a significant amount on what you actually pay to HMRC.
Get started with the right accounting service
Whether you trade as a sole trader, limited company or partnership, we calculate your VAT accurately, prepare your return and submit it to HMRC through Making Tax Digital compatible software, so every return is correct and filed on time.
There are several VAT schemes available, including the Standard, Flat Rate, Cash Accounting and Annual Accounting schemes. The right choice can improve your cash flow and reduce what you actually pay. We review your business and advise on the scheme that suits you best.
We help you decide whether you need to register, or whether voluntary registration makes sense, and handle the process for you. If your circumstances change and your turnover falls, we can also advise on and manage deregistration.
Many businesses miss VAT they are entitled to reclaim on their costs. We make sure your input VAT is captured correctly, from everyday expenses to larger purchases, so you are not paying more than you need to.
Making Tax Digital is mandatory for all VAT-registered businesses, which means keeping digital records and filing through compatible software. We keep your records compliant and handle every submission, so you never have to worry about the rules.
We take care of all dealings with HMRC on your behalf and track your VAT deadlines, reminding you in good time so nothing is missed and you avoid unnecessary penalties.
Get started with the right accountant for your Crypto Business
Get started with the right accounting service for your UK small business
If your business’s taxable turnover goes over the VAT registration threshold, currently £90,000 in any rolling 12-month period, you must register for VAT. Once registered, you will need to complete and submit a VAT return to HMRC, usually each quarter.
Even if you are not required to register, it can sometimes be worth registering voluntarily. Working out whether you have to, or should, register can be confusing, but help is at hand. We can talk it through with you and make sure you get the best advice for your circumstances.
A VAT return can be fairly simple or quite complex depending on your business, and there are several VAT schemes you can take advantage of. That is why we would recommend outsourcing your VAT returns and getting professional advice on the VAT scheme that suits you best.
Some of the benefits of using Accounting Wise to manage and submit your VAT return are:
Peace of mind
With professionals handling it, you can be confident your calculations and VAT return are correct and accurate.
Reduced risk of a VAT investigation
Returns prepared by an adviser are less likely to contain the kinds of errors that can trigger an HMRC enquiry, as HMRC can often tell when submitted figures look incorrect.
Save time
Completing your own VAT return usually takes far longer than it would for an adviser. That time is better spent running your business.
Claiming everything you are entitled to
It is rare that we take on a new client and cannot find a way to reduce their VAT bill, often because they are on the wrong VAT scheme. Many business owners are not aware of the different VAT schemes available, or which one best suits their business.
Get started with the right small business accounting solution
Our accredited accountants have a range of qualifications from the Association of Accounting Technicians (AAT), Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants in England and Wales (ICAEW). We are also an Institute of Certified Practising Accountants (ICPA) accredited firm.
Get started with the right accounting service for your UK small business
How much does your VAT returns service cost?
Our VAT returns service starts from £7.50 per month. The exact price depends on the size of your business and which services you need, so you can either choose one of our pre-built packages or build your own to see clear, fixed pricing with no hidden fees. Get an instant quote at a-wise.co.uk/book.
What is included in your VAT returns service?
We prepare and check your VAT return, submit it to HMRC through Making Tax Digital compatible software, handle correspondence with HMRC, and send you reminders ahead of every deadline. We also advise on the right VAT scheme for your business and give you unlimited support throughout the year.
Do you handle Making Tax Digital for VAT?
Yes. Making Tax Digital is mandatory for all VAT-registered businesses, which means you must keep digital records and file your returns through compatible software rather than the old HMRC portal. We take care of this for you, keeping your records digital and submitting every return the right way.
How do I switch my VAT returns over to you?
Switching is straightforward. Choose your package or get a quote, sign up with a few details, and we handle the rest, including contacting your previous accountant if needed and setting up the authorisation with HMRC. You will not need to chase anyone or fill in lengthy forms.
Do I need to register for VAT?
You must register for VAT if your taxable turnover goes over £90,000 in any rolling 12-month period, or if you expect to go over it within the next 30 days. You can also register voluntarily below this level, which is sometimes worthwhile. If you are not sure, we can talk it through and advise you based on your circumstances.
How often do I need to submit a VAT return?
Most businesses submit a VAT return once a quarter, although some schemes use different periods. Your return and payment are usually due one month and seven days after the end of each VAT period. We track your deadlines and remind you in good time so nothing is missed.
Can you help me choose the right VAT scheme?
Yes, and it is one of the most valuable things we do. There are several VAT schemes available, such as the Standard, Flat Rate, Cash Accounting and Annual Accounting schemes, and the right one can improve your cash flow and reduce what you pay. We will review your business and recommend the scheme that suits you best.
What happens if I miss a VAT return deadline?
HMRC uses a points-based system for late VAT returns. Each late submission earns a penalty point, and once you reach the threshold for your filing frequency you receive a £200 penalty, with a further £200 for each late return after that. Late payments can also attract interest. Our service is built around keeping you ahead of every deadline so this does not happen.
1 Choose Your Package
Choose from our pre-built packages or customise your own to see exactly what services you need and how much you’ll pay each month. We make it easy to find the perfect fit for your business!
2 Sign up with Us
After selecting your preferred level of service, simply provide a few additional details to register with us through our easy sign-up form or by giving us a call. It’s that simple to get started!
3 You’re ready to go
That is it, we will begin to set your services up for you, contact your previous accountant if required, and begin the authorisation process with the HMRC