Preparing VAT returns as per the current legislation, accounting them accurately in your books, and submitting those returns to HM Revenue and Customs (HMRC) on time can be a painful task for any kind of business, regardless its size. At AMP Accounting Services we can help you manage your VAT returns and ensure you comply with the regulations.
If your turnover is more than the VAT threshold specified by HMRC, then you may have to register your business for VAT. If your business is registered for VAT, then you must prepare and submit VAT returns to HMRC monthly or quarterly. Failing to submit the VAT returns on time may cause you late filing penalties and interest.
Preparing VAT return as per the legislation can be tough, especially for small businesses that lack time and resource. Nonetheless, allowing us to provide VAT services to your business and in essence, leaving this task to our small business tax accountants, gives you the freedom to engage your skills where these are best suited i.e. your business.
AMP Accounting Services can help you prepare all the VAT returns as per the law, account them accurately in your books, and file them to HMRC in a timely manner.