VAT Accounting

Value Added Tax (VAT) is a tax applied to the purchase of goods or services. If your business generates more than £85,000 in revenue, you must register for VAT and collect it on the relevant products/services. The intricate system of regulations creates a substantial workload for businesses. The high rate of VAT makes errors in calculation expensive, and the strict system of penalties for mistakes and late return submissions only exacerbates this burden.

At BLA, we will be able to evaluate whether the current VAT scheme for your business is the most advantageous.  Depending on the VAT scheme your business uses, you will need to submit returns to HMRC before the relevant deadline as failure to do so will result in penalties. We will also be able to recommend any changes if we feel it is more beneficial to do so in regards to your tax affairs.

In addition to performing your VAT calculations and submissions, we'll represent you if HMRC launches an investigation into your business dealings.