VAT (Value Added Tax) is a tax which is charged on most goods and services provided by VAT registered businesses. When VAT registered businesses are charged VAT on the goods and services they buy then this can generally be reclaimed.
VAT registered businesses are required to complete a VAT return (usually every quarter). The VAT return takes into consideration all of the VAT the business has collected from sales and all of the VAT the business has spent on purchases and expenses. The difference is then paid to HMRC.
At The Accountancy Partnership we complete VAT returns on behalf of our clients for a low cost monthly fee. We send out regular reminders to ensure that our clients are never later with their returns.
If you would like further information about our VAT service then please contact us