Whether you’re just starting out or have been in business for a long time, we can help you meet your VAT responsibilities.
Needless to say, late VAT registration, errors, late VAT returns and late VAT payments can all lead to penalties and possibly interest being charged. So allowing us to take care of your VAT affairs, not only gives you peace of mind, but it should also avoid you wasting your hard-earned cash on penalties and interest.
If you’re just starting out, we can help you decide whether you need to be VAT registered from the outset or not. We will continue to monitor your accounts, so that should it become obligatory for you to register for VAT, we can deal with all the paperwork for you. We will also let you know if we think you can and would benefit from de-registering.
Whether a new or existing business, we will also look at the VAT schemes you are eligible for and establish whether you would be better off adopting one or a mixture of them. Some VAT schemes can lead to tax savings and a reduction in bookkeeping responsibilities.
We will prepare your VAT return; either from your own bookkeeping records or we can take care of your record keeping and the VAT return. And we will try to ensure that you claim as much VAT as possible; particularly on contentious items such as mixed-use expenditure and motor running costs.
As with other areas of tax, we can act as your Agent for VAT purposes and therefore correspond with Revenue on your behalf. Paper VAT returns are pretty scarce now but our software also allows us to file your VAT returns online with Revenue.