Our Skilled and Knowledgeable Team Takes Care of Your VAT Reporting and Returns
With a team of qualified professionals and extensive VAT expertise, we manage your reporting and returns seamlessly, ensuring compliance with HMRC’s Making Tax Digital regulations.
VAT Reporting and Returns
Unlock the advantages and reap the rewards of our accounting services. Our dedicated Value Added Tax specialists work closely with you to understand your unique business needs and goals, crafting customized strategies to drive your financial success. Through streamlining your processes and providing real-time insights, we empower you to make informed decisions, optimise your tax efficiency, and elevate your business to new heights.
Quarterly returns completed by your dedicated accountant
Your dedicated accountant completes quarterly returns to maintain accurate financial records, enabling informed business decisions regarding profitability, growth, and potential tax savings.
Fully Making Tax Digital compliant returns
Your dedicated accountant ensures fully Making Tax Digital compliant returns, maintaining accurate financial records for informed business decisions.
Representation in the event of a HMRC investigation
In the event of an HMRC investigation, we provide representation services to support you. Our team will stand by you, offering expert guidance and handling all necessary procedures with HMRC.
Regular reviews to ensure paying correct amount.
Regular reviews are conducted to ensure accurate payment of VAT. Our team diligently examines your financial records to verify compliance and identify any potential discrepancies. Trust us to meticulously assess your obligations, ensuring you pay the correct amount.
We've been using RJF for our accounts, payroll and corporate tax for the last 4 years. I wouldn't hesitate to recommend them. Rob has been a real asset to our business as we embark on a fundraise, he's experience and knowledge is helping us ensure we have everything in order. Thanks Rob and the team at RJF
Tim Richardson
16:24 21 Feb 24
RJF are always responsive and professional, replying quickly and providing the support I need as a small business owner. I have used RJF for many years and their commitment to quality has never wavered. Whenever I need to contact them, they are friendly and go above and beyond. The services they provide are always timely and accurate and make my life so much easier.
Debbie Darling
16:24 21 Feb 24
The best accountants we've ever used! Efficient, well-informed, excellent communication and great at tax saving hints and tips. The text/email reminders to submit VAT and tax payments are amazing - we never miss a deadline! I can't recommend RJF Accountants highly enough!
Laura Tudor
16:24 21 Feb 24
I'm so glad I found RJF Accountants. Rob is such an incredible support and the team have made everything seamless and easy to work with. I've recommended them to several other companies and will continue to do so.
Emma McCallum
16:24 21 Feb 24
We have been using RLF Accountants for some time and are extremely pleased with the service Rob and his team provide. They are professional and helpful, providing valuable accounting advice for all our business requirements. We would definitely recommend them.
Jo Peel
16:24 21 Feb 24
Working with Rob takes the stress out of my accounts so that I can focus on the job at hand without tying myself in knots. I've recently become VAT registered and he has made me feel so much more relaxed about the process, with clear conversations and great tools to get the job done.
Tom Darlow
16:24 21 Feb 24
Starting a company is full of uncertainties - one area where we haven't had to loose sleep is our financial & accounting ops. Rob is there in your darkest hour and there to put you on the right track for tomorrow. A+ service for us at Trunk.
Christian Morrall
16:24 21 Nov 23
I've had the pleasure of working with RJF Accountants and specifically Rob for my business accounting needs, and I couldn't be happier. Rob has consistently been accessible and incredibly helpful whenever I've had questions or needed support. His knowledge and dedication have been invaluable to me, and I highly recommend RJF Accountants to anyone in need of expert financial services. Thank you, Rob, for your outstanding assistance!
Stuart Duncan
16:24 21 Jul 23
Worked with Rob and the RJF team for over 2 years. He did our business and directors accounts. Awesome service. Really easy to work, super responsive and with and a whole bunch of extra perks thrown in - love the weekly newsletter with tips and tricks for being more effective as a small business owner. Would gladly work with him again and would highly recommend to all.
Debbie Darling
16:24 21 Jul 23
RJF took over the management of my company's accounts in April 2023 and I can't praise Rob highly enough! The collation of my accounts for tax purposes was straightforward and the submissions process was managed perfectly, with payment amounts and due dates provided in a separate, easy to read document. I'm delighted to be working with Rob and the team!
Been with RJF for a short time and they have already helped with cashflow and overall financial management
We moved our financial management and reporting to RJF Accountants 12 months ago, we needed more of an outsourced Finance Director to give us deeper knowledge and guidance both locally and internationally. Rob and his team at RJF are experts in their field and take the time to genuinely understand the businesses they support and the people within them.I highly recommend RJF Accountancy to businesses that need more than just a basic accountancy service, we have been entirely satisfied from day one and look forward to a continued relationship with Rob and his team.
Thanks to Rob and the team at RJF in getting our first accounts done and filed on time. We are extremely busy and didn't have the time to have everything filed and ready. They pulled out all the stops. Great supportThanks also to Rob for his advice and support especially in relation to various taxation scenarios, EIS and SEISS, other options and opportunities and regulations. Much appreciated.
I switched to RJF because I needed an accountant who could also offer advice and insight into startup finance and tax related queries, not just deal with the compliance side. I'm extremely pleased I made the move because Rob and his team have been fantastic, always responsive and helpful. It's clear Rob has a lot of experience and is passionate about startup finance and entrepreneurship. I've already referred another business owner to him and am happy to recommend RJF.
Rob and his team are professional, courteous and always friendly. Rob will make the time to reply to all my ramblings - whatever time of day! He's knows how to advise businesses on their accounting needs. I previously referred clients to Rob, but became one myself when I set up alone, and I can now see why they all raved about RJF.
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Value Added Tax FAQs
What is VAT?
VAT stands for Value Added Tax. It is a consumption tax imposed on goods and services at each stage of production and distribution. It is ultimately borne by the end consumer.
Who is required to register for VAT?
Businesses that exceed the VAT registration threshold, which varies by country, are generally required to register for Value Added Tax. However, certain businesses may choose to register voluntarily even if their turnover does not exceed the threshold.
What are the benefits of VAT registration?
VAT registration allows businesses to charge Value Added Tax on their sales and claim back VAT paid on their purchases. It enhances the credibility of a business, enables participation in certain trade activities, and facilitates Value Added Tax reclaims for eligible expenses.
How often do VAT returns need to be filed?
Returns are typically done on a quarterly basis. However, in some cases, businesses may be required to file monthly or annual returns depending on their turnover or specific circumstances.
What information is required for VAT returns?
VAT returns generally require details of sales, purchases, and VAT payable or reclaimable during the reporting period. This includes invoices, receipts, and supporting documentation.
Can I claim VAT on all business expenses?
VAT can usually be claimed on business-related expenses that are directly attributable to the taxable supplies made by the business. However, certain expenses may be subject to restrictions or exclusions, such as entertainment expenses.
What are the consequences of non-compliance with VAT regulations?
Non-compliance with VAT regulations can result in penalties, fines, and legal consequences. It is important to understand and fulfill your VAT obligations to avoid potential liabilities and disruptions to your business.
Can I recover VAT paid in other countries?
Under certain circumstances, businesses can recover VAT paid in other countries through the process of VAT reclaims. This typically involves following specific procedures and meeting the requirements set by each country.