If your business turnover is more than £85,000 a year – or £1,634 a week – you need to be VAT registered.
We take care of all the regulations and administration with HMRC.
The process is very simple:
- We provide you with a weekly income and expenditure sheet (by post or email) which is tailored specifically to your business
- You fill in your income and expenditure for each week and attach your receipts
- We provide pre-paid envelopes for you to post your weekly sheets and receipts to us
- We input all your figures and submit your VAT return to HMRC
We will also produce a quarterly Profit and Loss report based on the information from your VAT return. We can analyse this and suggest ways to reduce your costs and increase your profits, or if there are any other changes that could be made to improve the performance of your business.