VAT ADVICE
HELPING YORKSHIRE BUSINESSES
HELPING YORKSHIRE BUSINESSES
VAT was introduced as a simple tax, but it’s long since lost its simplicity. VAT is one of the most complex areas of taxation – particularly when trying to understand whether you should charge your customers VAT - and if so at what rate.
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There are many different schemes to use so we will help you find the best one for your business in terms of cashflow and cost. We’ll help you choose a system that will allow your business to calculate and record your VAT with minimal effort for you as a business owner.
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Recovering the VAT you’ve incurred has to follow a strict set of guidelines – but it’s more straightforward when you’ve recorded it correctly from the start.
Frequently Asked VAT Questions
Is there a VAT Calculator I can use?
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Should I be VAT registered?
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Would it be beneficial to be VAT registered?
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How do I reclaim my VAT?
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Can you recover some VAT you have been charged before you became VAT registered?
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What is Making Tax Digital (MTD) all about?
DID YOU KNOW?
You have to charge VAT once your business turnover has reached an £85,000 sales threshold in a 12-month period – so understanding when your business should be VAT registered and how to record and charge VAT is critical. There are severe penalties for being late to register your business for VAT – all that can be avoided with some expert Vogan Accountancy advice.
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VAT is the one tax you want to be paying more of, because the more VAT you pay – the better your business is performing!