If your business is new we can help you decide whether you need to be VAT registered or not. If you choose to register for VAT then we can make sure you are on the VAT scheme that’s best suited to you.
We can take care of your VAT processing work so you’ll never have to pay back a penny more than you have to. From 1st April 2019, all VAT returns must be completed according to the Making Tax Digital guidelines from HMRC. Callan can help your business with everything it needs to do to ensure that you know exactly what you’re doing, file everything correctly, and get the most from the new software that offers real advantages to how you run your business. Find out more about what Making Tax Digital means for you here.
VAT registration and the associated compliance work is time-consuming. Our VAT Return service is affordable and by outsourcing it to us you’ll have more time to run your business.
There are potential benefits in being VAT registered (even if you haven’t reached the required turnover for the last 12 months of over £81,000). As you reach this figure you are typically obliged to register for VAT.
Some of the VAT related questions we are asked are:
1. How do I can to register for VAT?
2. Can I register for VAT even before I turnover £81,000? Why would I do this?
3. What are the implications for my business when I do register for VAT?
4. If I am registered for VAT what can I claim for? Is it Flat rate or Cash accounting or Standard rate or Exempt or Zero rated? Do I need to operate a margin scheme?
The answer to the above questions depends on the business and the kinds of expenses you are claiming.
The Flat rate VAT scheme may suit businesses with limited expenses. Companies receiving payment from customers may wish to register for cash VAT accounting. VAT is complex and ever-changing so do not underestimate its importance. With new penalty legislation, getting it wrong can be costly. Get it right from the start and avoid the worry associated with this. We can answer any questions you have.
Callan can also assist with deregistration for VAT. The limit is £79,000 to deregister for the current year.
With offices in Glasgow and at Eurocentral in Lanarkshire, we can assist with your VAT requirements. We can review your VAT workings, handle your VAT preparation and submit your VAT returns.
Callan Accountants Glasgow can explain the most tax-efficient and beneficial VAT scheme to suit your business. Feel free to email firstname.lastname@example.org or during office hours call us on 0845 050 7613.