VAT Accounting Services

Simplify Value Added Tax Compliance

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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.

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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.

Your dedicated accountant completes quarterly returns to maintain accurate financial records, enabling informed business decisions regarding profitability, growth, and potential tax savings.

Your dedicated accountant ensures fully Making Tax Digital compliant returns, maintaining accurate financial records for informed business decisions. 

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 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. 

RJF Accountants
Based on 34 reviews
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Jay WilliamsJay Williams
12:55 24 Apr 23
Been with RJF for a short time and they have already helped with cashflow and overall financial management
Ken MeaneyKen Meaney
16:13 13 Oct 22
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.
Moylan MoylanMoylan Moylan
12:02 07 Oct 22
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.
Judy LeungJudy Leung
14:10 15 Dec 21
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.
Danny RodgersonDanny Rodgerson
20:02 26 Nov 21
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

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.

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.

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.

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.

VAT returns generally require details of sales, purchases, and VAT payable or reclaimable during the reporting period. This includes invoices, receipts, and supporting documentation.

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.

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.

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.