Managing VAT can be complex, but we make it simpler. Our VAT services help you stay compliant while working to reduce your VAT bill. We keep up with the latest VAT regulations, so you don’t have to worry about missing important changes.
VAT rules can be complex, and ensuring compliance is crucial for avoiding penalties. Our VAT services are ideal for:
Businesses exceeding the VAT registration threshold
If your annual turnover surpasses £90,000, VAT registration is mandatory. We handle the process for you.
Companies trading internationally
We provide expert guidance on VAT compliance for imports, exports, and cross-border transactions.
Small businesses considering VAT registration
If you're below the threshold, voluntary VAT registration might be beneficial. We help you decide.
Industries with complex VAT rules
Sectors like construction, hospitality, and retail face different VAT challenges. We ensure you're charging and reclaiming VAT correctly.
We can help with:
VAT registration
We guide you through the VAT registration process. We advise you on when it's necessary and if voluntary registration is a good choice for your business.
VAT schemes
We analyse the different VAT schemes available and recommend the most suitable one for your business needs.
VAT returns
Our team handles the preparation and submission of your VAT returns in compliance with Making Tax Digital regulations.
EC sales lists
We assist with the preparation and submission of EC Sales Lists to ensure compliance with EU requirements.
VAT deregistration
If necessary, we manage the VAT deregistration process for businesses that no longer need to be VAT-registered.
VAT advice
We provide expert advice on VAT-related issues to help you handle the complexities and avoid common pitfalls.
How our VAT process works
Managing VAT can be overwhelming, but we simplify the process with a structured approach:
1
VAT assessment
We review your business activities to determine if VAT registration is required or beneficial.
2
VAT registration
If needed, we handle the registration process with HMRC and guide you on the best VAT scheme for your business.
3
Accurate record-keeping
We ensure your VAT records are correctly maintained and compliant with Making Tax Digital (MTD) requirements.
4
VAT return preparation & submission
Our team calculates your VAT liability, prepares returns, and submits them on time to HMRC.
5
Ongoing VAT advice
We provide expert support on VAT claims, exemptions, and potential savings to keep your business tax-efficient.
6
VAT audits & compliance checks
If HMRC reviews your VAT records, we assist in preparing documentation and liaising with tax authorities.
Let us handle your VAT needs efficiently to ensure compliance and avoid costly mistakes.
Why choose NJM Accountancy Ltd. for your VAT needs
Expert guidance
Our team offers knowledgeable advice to ensure you are on the right VAT scheme and handling VAT correctly.
Compliance & accuracy
We handle your VAT returns and related tasks with precision to ensure compliance with all regulations.
Personalised solutions
We provide VAT solutions that are customised to fit your business's specific needs.
Dedicated support
We are committed to delivering high-quality service and building strong relationships with our clients.
FAQs for VAT services
You must register if your taxable turnover exceeds £90,000 in rolling 12 month period. You can also register voluntarily if it benefits your business.
There are several options, including the Standard VAT Scheme, Flat Rate Scheme, Cash Accounting Scheme, and Annual Accounting Scheme. We help you choose the right one.
Most businesses file quarterly, but some may qualify for annual submissions. We ensure your returns are prepared and submitted on time.
You can reclaim VAT on business-related expenses, including office supplies, equipment, and some travel costs. Certain exemptions apply.
Late submissions can result in penalties and interest charges. We help ensure compliance and timely submissions to avoid unnecessary fines.
Manage your VAT with confidence
Let NJM Accountancy Ltd. handle your VAT management stress-free with our expert services in Bangor, Belfast, and UK.
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