VAT Returns
Let Us Take the Stress Out of Your VAT Returns
Handling VAT can be a daunting task for many businesses, especially when regulations seem to constantly change and administrative demands continue to increase. That’s where we come in. At Easy Accounting Services, we offer a professional and cost-effective VAT service designed to remove the stress and ensure you stay compliant with HMRC’s requirements.
Our experienced team can manage the full process of preparing and submitting your VAT returns, helping you avoid costly errors and penalties. Whether you’re new to VAT or simply looking to make the process smoother, we’re here to help.
Our VAT services include:
- Full preparation and submission of VAT returns to HMRC
- Guidance and assistance with VAT registration
- Expert advice on VAT planning, compliance, and administration
- Recommendations on the most suitable VAT schemes for your business (e.g. Flat Rate Scheme or Annual Accounting Scheme)
- Regular VAT control and reconciliation to ensure your records are accurate and up to date
We make it our priority to stay on top of changing legislation so you don’t have to. Our service is designed to give you peace of mind, allowing you to focus on running your business while we handle the paperwork.
What does HMRC require from VAT-registered businesses?
If your business is registered for VAT, you are legally required to:
- Maintain proper records of all sales and purchases
- Keep a separate summary of your VAT transactions, known as a VAT account
- Issue accurate VAT invoices for all relevant transactions
Your VAT records must be retained for at least 6 years (or up to 10 years if you use the VATMOSS scheme). These records can be stored either on paper, electronically, or within bookkeeping software, but they must always be complete, accurate, and clearly readable.
If an invoice goes missing or becomes unreadable, you are expected to request a duplicate copy from your supplier, clearly marked as ‘duplicate’.
Keep in mind that HMRC has the authority to visit your business to inspect your VAT records. Failure to maintain proper records can result in penalties.
Contact us today to find out how we can help streamline your VAT process and ensure you stay compliant with HMRC regulations. Let us simplify VAT, so you can concentrate on growing your business.
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HMRC have produced a website regarding VAT, you can view it by clicking here.
