VAT Return Services in Sheffield S11, South Yorkshire

VAT doesn’t have to be frightening, you’ll have heard about VAT when you buy goods and services as an individual from a business but how do you deal with it in your business?

Value Added Tax is a tax put on almost all goods and services sold and it’s usually at the rate of 20% but there are other rates depending on what you are selling. There are also different schemes that may suit you better than the basic rate scheme. For example, you can choose a flat rate application, in which you just pay a rate lower than 20% on all your sales only. You can submit returns every month to make the payments easier to manage or you can submit them every three months, whatever suits you and your business the best.

If in any 12-month period you have sales of over £85’000 then you may have to register to charge VAT to your customers.

Its not as daunting as it may seem, we can help and advise you on all of your options, we will register you and we can complete your monthly or quarterly returns for you. We will also deal with the Inland Revenue directly on your behalf.

At Brown & Rear Accountants we are here to help, advise and support you and your business.