VAT was originally designed to be a simple tax, yet it has evolved into one of the most complex and burdensome tax regimes that businesses face. The result has been that businesses, charities and other organisations are left with such ream of questions. Clients often contact us with queries such as Should I be registered for VAT? How do I fill in this VAT return? Should I opt to tax a property? Can I claim all the VAT I incur? And is there any long term VAT planning that I should consider?
Whilst the answer to some of these questions are simple and straight-forward, others need specialist VAT advice from people who understand the relevant legislation, rules and regulations relating to VAT. Our expert team at Knill James is here to help, from guiding you through the initial registration through to the much more complex areas of applying VAT correctly.
With the forthcoming Making Tax Digital (MTD) regulations coming into action April 2019, all VAT registered businesses will be required to submit their VAT return digitally to HMRC. For more information & guidance please get in touch with our VAT consultants, or visit our dedicated MTD page for the most up to date news here.
To find out more about our VAT Advisory Services click here to view our help sheet.