VAT Returns
Stay Ahead with Our Expert VAT Filing Services
Why Choose Our VAT Filing Services?
Expertise and Accuracy
Our team of VAT specialists is well-versed in the latest VAT regulations and compliance requirements. We ensure your VAT returns are accurate and submitted on time, helping you avoid costly penalties and errors.
Timesaving
Focus on growing your business while we handle the intricate details of VAT filing. Our services free up your valuable time, allowing you to concentrate on what you do best.
Personalized Service
We understand that every business is unique. Our services are tailored to meet your specific needs, providing customized solutions that fit your business model and industry.
Compliance and Peace of Mind
Stay compliant with the latest VAT regulations. Our experts keep up-to-date with changes in VAT laws, ensuring your business remains compliant and you have peace of mind.
Cost-Effective Solutions
Avoid the hidden costs of in-house VAT management. Our competitively priced services offer a cost-effective solution without compromising on quality.
VAT Thresholds and Registration
VAT is applicable to businesses with a taxable turnover exceeding £90,000. This threshold can be based on:
- £90,000 taxable turnover in the last 12 months: Register within 30 days of the end of the month when the threshold was breached
- £90,000 taxable turnover in the next 30 days: Register within 30 days of realizing the threshold will be breached.
Rates and Schemes
HMRC categorizes items under different VAT rates:
Standard rate (20%)
Applies to most goods and services.
Reduced rate (5%)
Applies to some essential items like fuel.
Zero rate (0%)
No tax, but you can still claim input tax.
Exempt or out of scope
No tax, and you cannot claim input tax.
HMRC also offers various schemes that may allow you to retain a portion of VAT collection! We can advise you on the suitability and eligibility of these schemes.
Tax obligations
In normal cases taxes are due every quarter there are schemes which allow different deadlines.
Submitting deadline
One calendar month plus 7 days. If there are late submissions, there can be penalty charges and HMRC has the power to put you on a ‘surcharge period’. This means that you must pay surcharge every time you file for a certain period.
How we can help you:
VAT filing
We can file your VAT using MTD compliant software. Our Gold-standard service ensures that your filing is complete within 5 working days of ledger close.
Record Keeping
Accurate record keeping is essential to ensure you don’t miss out on claiming reliefs from HMRC. We provide comprehensive record-keeping services to keep your financials in order.
Relief Schemes
There are numerous relief schemes available. We keep our clients updated on these schemes and make necessary adjustments to maximize benefits.
Our Services Include
VAT Registration and Deregistration
Preparation and Submission of VAT Returns
VAT Consulting and Advisory
Handling VAT Audits and Investigations
Training and Support for Your Team
When you join us, we conduct a thorough VAT analysis to ensure you are using the correct VAT rates and eligible schemes. At Winsme, we believe in tailored solutions, not a one-size-fits-all approach.Contact us today to learn more about how our VAT filing services can benefit your business. Let us handle the complexities while you focus on success.
Making Tax Digital (MTD)
All VAT returns are required to be MTD compliant. We are MTD compliant and using our best in the industry accounting software you can keep all records in one place. This can be extremely useful as HMRC dictates that all records should move to digital place within the next 3 years.
Services
Each of our packages includes a commitment to providing gold-standard accounting services throughout the year. Our services are meticulously designed to support your business growth and minimize your tax liability. This yearlong engagement ensures that everything is organized in advance, offering significant benefits and peace of mind.
All monthly fees include.
Your own dedicated qualified accountant.
Free access to you own bookkeeping software.
Unlimited support via phone and email.
Automated reminder for your deadlines.
Mobile Application to invoicing, receipts & live banking feeds
Making tax digital compatible.
