VAT Returns Made Easy, Leave the Hassle to Us!
File Your VAT Return with Confidence
Filing your VAT return can be a daunting task, but we're here to simplify the process for you. With our expert team, you can rest assured that your VAT return will be filed accurately and on time.
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Spearheaded by the UK's polished professional bodies, ACCA and CIOT, we vow that we render the best service from our qualified and regulated accountants and tax advisers.
Essential Information on Filing Your VAT Return!
What You Need to Know About VAT Return
If you are a business registered for VAT in the UK, filing a VAT return is a legal requirement. It must be submitted to HM Revenue and Customs (HMRC) on a regular basis to report your VAT liability, sales, and purchases, ensuring compliance with VAT regulations.
If the taxable supplies of your business exceed the registration threshold of £85,000, you are required to register for VAT, comply with Making Tax Digital (MTD) rules and submit regular VAT returns to HM Revenue and Customs (HMRC).
VAT returns are usually filed on a quarterly basis, although some businesses may be required to file monthly or annually. VAT liability is reported on these VAT returns, calculated based on the Output VAT and Input VAT.
Submission and Payment
VAT returns must be submitted to HMRC within one month and seven days after the end of the VAT accounting period. Along with the VAT return, any VAT liability owed to HMRC must also be paid by the submission deadline.
Penalties for Late Filing
Late filing of quarterly VAT returns incurs penalty points from HMRC. Accumulating four penalty points results in a £200 financial penalty and subsequent late filings attract a £200 penalty. Different penalty point thresholds apply for monthly and annual VAT returns.
Trust our expertise for your seamless VAT compliance!
Why Choose us for your VAT Return?
We are specialist accountants and tax advisers for your property business! The service delivered by our qualified and experienced team is tailored as per your needs. Our accomplished tech-embedded service with exceptional property tax insight makes us stand out from the rest.
Our team comprises experienced professionals with in-depth knowledge of VAT regulations and filing requirements. We stay up to date with the latest changes, ensuring accurate and compliant VAT returns.
We recognise that every business is unique. Our approach is tailored to your specific needs, ensuring that your VAT return reflects your business activities accurately and optimises your VAT position.
With us, you can have peace of mind knowing that your VAT return will be prepared in full compliance with HMRC guidelines. We ensure that all necessary information is included and calculations are accurate.
We prioritise meeting deadlines and ensure your VAT return is filed on time. By choosing our services, you minimise the risk of late or incorrect filings, helping you avoid penalties and potential legal issues.
Proactive Tax Planning
We go beyond just filing your VAT return. Our team offers proactive tax planning advice to help optimise your tax strategies, identify potential savings, and ensure you are taking advantage of available tax incentives and reliefs.
Our services are competitively priced, providing excellent value for the expertise and quality we offer. We work with you to find the most cost-effective solutions that meet your accounting needs without compromising on the quality of service.
How We Work
Experience seamless VAT return preparation with us. Our expert team guarantees efficiency, accuracy, and compliance every step of the way. Trust us to handle your VAT return with precision and professionalism, while you focus on your business's success.
We begin by conducting an initial consultation to understand your business's VAT requirements. We gather relevant information about your sales, purchases, and VAT liabilities, ensuring a clear understanding of your VAT return needs.
We work closely with you to collect all necessary financial data for your VAT return. This includes gathering information on your sales invoices, purchase receipts, and any relevant VAT records. Our team ensures the accuracy and completeness of the data provided.
VAT Calculation and Reporting
Based on the data collected, we calculate your VAT liability accurately, considering both input VAT and output VAT. Our experienced professionals prepare the VAT return, ensuring all eligible deductions, allowances, and VAT schemes are correctly accounted for.
Review and Finalisation
Before finalising the VAT return, our team conducts a thorough review to ensure compliance with HMRC guidelines. We verify the accuracy of the calculations, confirm that all necessary information is included, and address any potential issues or discrepancies.
Submission and Filing
Once the VAT return is reviewed and approved by you, we handle the submission process on your behalf. We ensure the return is filed within the specified deadline, avoiding any late filing penalties and ensuring compliance with HMRC requirements.
Our commitment goes beyond just preparing and filing VAT return. We offer ongoing support and guidance, and assistance with any VAT queries or concerns that may arise throughout the year.
Here is our awesome team
At UKPA, it is done by a team of people evolved from different walks of life. Trained and experienced in property and real estate tax, accounting and compliance matters, most of them are qualified as Chartered Accountants, Chartered Tax Advisers or Chartered Financial Analyst.