VAT returns in Eltham
We offer a professional and competitive VAT returns in Eltham service for businesses. This service includes VAT returns preparation on various VAT schemes. The quoted price is for each VAT return.
Usually you will be required to provide the:
- records of your company’s income and expenses
- fixed assets invoices, or
- other relevant documents
We offer a professional and competitive VAT returns in Eltham service for businesses in Eltham, Bromley, London, Kent and nationwide. This service includes the preparation and submission of quarterly VAT returns. VAT planning is included in the VAT returns in Eltham service at no extra cost. We will help you claim all the available tax reliefs for your business, and to pay the minimum amount of tax required by law. We can advise you in all areas of taxation, such as Business tax, VAT, Income tax, Property tax, Inheritance tax, Capital Gains and many more.
A transaction is within the scope of VAT if:
- there is a supply of goods or services
- made in the UK
- by a taxable person
- in the course or furtherance of business
You are required to register for VAT, if the value of your taxable supplies exceeds a set annual figure (£83,000 from 1 April 2016). It is possible to apply for voluntary registration, even if you are making taxable supplies below the registration limit. This is beneficial if your business was principally making zero rated supplies. This would allow you to reclaim input VAT, which could result in a repayment of VAT. Even if you have not yet started to make taxable supplies but intend to do so, you can apply for registration. In this way input tax on start-up expenses can be recovered and a refund will be due. Please contact us if you need help with VAT returns in Eltham.
A taxable person is anyone who makes or intends to make taxable supplies and is required to be registered. For the purpose of VAT registration, a person includes:
- companies, clubs and associations
In cases that an individual carry on two or more businesses all the supplies made in those businesses will be added together in determining whether or not the individual is required to register for VAT.