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Value Added Tax (VAT) Returns:
VAT is a tax that applies to most UK business transactions involving the sale of goods or services. It is vital to keep accurate records once you are registered for VAT.
In simple terms a business will pay VAT on its purchases (input tax) and charge VAT on its sales (output tax). For businesses that receive more output tax on sales than purchases, they will pay excess amount to HM Revenue & Customs. If the business pays more input tax then receives output tax, then the business will be in a position to reclaim VAT and get refund from HMRC. Both are as a result of completing a VAT Return, which is compulsory once business registered for VAT. |
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| One of the major advantages to being registered for VAT as a small business is the increased credibility for your business. We can help you complete your VAT return on time and can make sure that you claim VAT when it is due from HMRC. |
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| ..MAKE AN ENQUIRY.. |
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| ..CONTACT DETAILS.. |
For further information on a no obligation basis, please contact Smart City Accountants & Tax Advisers at: |
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| Address: 55-B Derby Street, Manchester, M8 8HW |
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| Tel: 0161 706 0370 |
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| Email: info@smartcityaccountants.co.uk |
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| To Find us Please Click on Map |
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