VAT Returns services
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Value added tax is one of the most complex and onerous tax regimes imposed on business - so complex that many businesses inadvertently overpay or underpay VAT. The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of HMRC call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay HM Revenue and Customs more than you need to! We provide an efficient cost effective VAT service, which includes:
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Assistance with VAT registration |
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Acting as VAT agent Acting as VAT agent and providing a UK address as a point of contact for H M Revenue & Customs |
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Advice on VAT planning and administration |
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Use of the most appropriate scheme |
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VAT control and reconciliation |
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Preparation and submission of VAT returns |
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Planning to minimize future problems with HMRC |
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Completing EC sales lists and other government survey forms where appropriate |
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Attending VAT inspections made by local customs officers |
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Dealing with any miscellaneous correspondence and telephone enquiries received from H M Revenue & Customs in relation to the business |
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Negotiating with HMRC in disputes and representing you at VAT tribunals. |
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| In the UK a business must apply to be registered for VAT if its turnover, within the scope of UK VAT, is in excess of £64,000 per annum. It may apply for voluntary registration where anticipated turnover is below this threshold if it can demonstrate a commercial reason for requiring VAT registration. It should be noted, however, that to obtain registration for VAT in the UK, the company should be able to show that it is making a taxable supply of goods or services in, or from, the UK. Alternatively the company should show that it is making supplies abroad that would be taxable supplies if made in the UK. In this case it is normally expedient to show that the UK Company is generating input tax, and does not have a tangible place of business in any other country. |
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FPSS can register appropriate UK companies for VAT and provide VAT administration services. Registration is given at the discretion of HMRC, and the process usually takes about a month unless further queries arise during the application process. We cannot guarantee that a business will be registered, or that it will continue to be registered following an inspection of the records. We will however, if required, advise how problems can be minimized.
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