VAT is one of the easiest taxes to get wrong and one of the most expensive to get wrong. Between choosing the right scheme, applying the correct rates and meeting every Making Tax Digital deadline, it takes real attention to keep on top of. I Sumar & Co take VAT off your plate entirely. We make sure your returns are accurate, compliant and submitted on time, every quarter.
What Our VAT Service Includes
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VAT registration and deregistration
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Choosing the most beneficial VAT scheme for your business
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Preparation and review of every VAT return
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MTD-compliant digital filing direct to HMRC
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Advice on complex areas such as the Domestic Reverse Charge
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Guidance on VAT for international and cross-border sales
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Handling HMRC queries and inspections on your behalf
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Deadline tracking so you are never caught out
The Right Scheme Can Save You Money
There are several VAT schemes - Standard, Flat Rate, Cash Accounting and Annual Accounting among them - and the right choice depends on your turnover, margins and how you trade. The wrong scheme can mean paying more VAT than you need to, or creating cash flow problems. We review your business and recommend the scheme that genuinely works best for you. Current scheme rules and thresholds are published at gov.uk.
Bookkeeping - Frequently Asked Questions
You must register once your taxable turnover passes the VAT registration threshold, and you can register voluntarily below it if it benefits you. We will tell you whether and when you need to register, and handle it for you. The current threshold is published at gov.uk.
Making Tax Digital (MTD) requires VAT-registered businesses to keep digital records and file returns using compatible software. We keep you fully compliant, using cloud software that submits directly to HMRC.
Yes. As your agent we deal with HMRC on your behalf, including queries, checks and inspections, so you do not have to handle them alone.
