VAT is an extremely complicated tax and often results in an overpayment or underpayment of
There are a number of schemes that help reduce the compliance burden on small businesses, including the following.
Flat Rate Scheme
The flat rate scheme allows you to pay a fixed rate of
Cash Accounting Scheme
Under the cash accounting
Annual Accounting Scheme
Under the annual accounting scheme you pay VAT you simply submit a reduced number of VAT returns per an annum. The scheme is open to businesses with an annual turnover of £1.35 million or less.
At Emulous Accounting we can help you:
- Register your company for VAT with HMRC.
- Advise on which VAT scheme is best for you.
- Calculate the VAT due or payable by the business.
Prepare and file VAT returns with approved HMRC software.
For more detailed information and to arrange a free consultation, please contact us.