Skip to main content

VAT Services

VAT Advice and Support
for Small Businesses

VAT Services

VAT Advice and Support for Small Businesses

Whether your business is looking to register for VAT, or you are looking for VAT advice for an existing registered company, Direct Peak can support you. VAT can be a very complex matter for businesses and a worry with potential penalties for late registration, late returns and late payments. Our VAT services can be tailored to your needs and can be anything from general VAT advice to completing your quarterly VAT returns and submitting to HMRC.

Small Business VAT Service

If you run a business with an annual turnover in excess of the VAT registration threshold – £85,000 in 2019/20 – you’ll need to register for VAT with HMRC. As a VAT-registered business you will be required to prepare returns, usually quarterly, and maintain a VAT leger with your accounting system.

For a small business whose turnover has grown to £85,000 per annum or above, fulfilling your VAT requirements can be daunting and time consuming. Our small business VAT service includes everything you and your business needs to get up and running quickly and with confidence. Our VAT services include:

Get your VAT right from the start.
Contact us for a free quote.

    giving-vat-advice

    General
    VAT Advice

    We can advise you on whether it’s compulsory for your business to be VAT registered or whether it’s worth registering voluntarily even if your turnover is below the registration threshold. If you are registering for VAT we can advise on the best approach to VAT, such as cash accounting, flat rate or margin schemes and we can also register your business for you.

    VAT-returns-for-small-business

    Completing and
    Submitting VAT Returns

    At the end of each VAT quarter, once all your bookkeeping tasks are completed and the accounts have been reconciled, we will make sure you have claimed VAT on all eligible purchases. We will also check and amend any incorrect claims and make sure you have proper VAT invoices as part of your accounting records. We will then prepare the VAT return for your approval and once signed off, submit your returns to HMRC.

    vat-for-eu-sales

    Completing and
    Submitting EU sales for VAT

    If you’re a VAT-registered business in the UK that supplies goods and services to VAT-registered customers in an EU country, you must tell HMRC about those supplies via an EC Sales List.

    making-tax-digital-for-vat

    Making Tax
    Digital for VAT

    At the end of each VAT quarter, once all your bookkeeping tasks are completed and the accounts have been reconciled, we will make sure you have claimed VAT on all eligible purchases. We will also check and amend any incorrect claims and make sure you have proper VAT invoices as part of your accounting records. We will then prepare the VAT return for your approval and once signed off, submit your returns to HMRC.

    using-our-vat-services

    The benefits of using
    our VAT services

    Direct Peak will make sure your VAT accounts and claims are rigorous and will hold up to scrutiny by HMRC if you should receive an audit. If HMRC has any queries about your VAT returns that we have put together for you, we will support you in dealing with them and explain each decision with notes and evidence.

    VAT services to suit your

    business needs

    Our small business VAT services are tailored to the requirements of your business. There are no extra charges for queries by phone or email, so if something is worrying you, please pick up the phone and call. Our packages can include regular face to face meetings or simple skype catchups, it all depends on the complexity and accountancy support your business requires..

    Call us now on 01778 481044 to discuss your requirements or fill out the callback form opposite and we will call you at a convenient time.

    Looking to streamline your accounting processes? Book a call on a day and time that suits you:

    VAT Services provided by an Accountant

    An accountant for a small or medium-sized enterprise (SME) business in the UK provides a range of valuable Value Added Tax (VAT) services to ensure compliance and efficient management of VAT obligations. Firstly, the accountant assists in the initial VAT registration process. This involves determining whether the business meets the VAT threshold for registration, guiding the business through the registration application, and advising on the appropriate VAT scheme for the nature of the business.

    Once the business is registered for VAT, the accountant helps in setting up an effective VAT accounting system. This includes providing guidance on how to record and report VAT transactions accurately, ensuring that the business complies with HM Revenue & Customs (HMRC) regulations. They may assist in setting up appropriate software or systems to manage VAT records and submissions efficiently.

    An essential service provided by the accountant is the preparation and submission of VAT returns. This involves calculating the amount of VAT to be paid to or reclaimed from HMRC based on the business’s transactions during a specific VAT period. The accountant ensures that the VAT returns are submitted accurately and on time, avoiding any penalties or fines for late or incorrect submissions.

    In addition to routine VAT compliance, the accountant offers advice on VAT planning and structuring to optimize the business’s VAT position. This includes recommending the most suitable VAT schemes for the business, such as the Flat Rate Scheme or the Cash Accounting Scheme, to minimize VAT liabilities and improve cash flow.

    Moreover, the accountant helps with managing VAT inspections and audits by HMRC. They assist in preparing the necessary documentation and supporting evidence, liaising with HMRC on behalf of the business, and ensuring compliance during any VAT-related investigations.

    Overall, Direct Peak Accountants play a crucial role in managing VAT for an SME business in the UK, ensuring adherence to VAT regulations, minimising tax liabilities, and providing expert guidance for effective VAT management and compliance.

    Looking for an accountant who can help

    Steve Marshall
    Steve Marshall
    2023-08-01
    The whole team at Direct Peak have been amazing to work with. Everything we have been looking for from an accountant. Thank you from Acoustic Associates
    Luke Tyler
    Luke Tyler
    2023-06-20
    The Direct Peak team are exceptional in all they do. They demystify my questions on accounting, offer clear, sound advice, and help me to make informed decisions about my business.
    Don Wiid
    Don Wiid
    2023-05-10
    Karl Newman and his team help us with our Xero accounts system, making sure it is accurate and up to date. The real value though, is Karl's experience as a management accountant, providing indispensable advice on a monthly basis to ensure we keep growing.
    Craig Sawyer
    Craig Sawyer
    2023-03-09
    Direct Peak are the perfect accountants for me. Always helpful and friendly. They take away any of my accountancy headaches which allows me the time to focus on my business. Would highly recommend them and do to any business owners I can. Thank you all !
    Kelsey Brace
    Kelsey Brace
    2023-02-20
    I've worked with Karl & Direct Peak for years. They have always provided great service and advice. Highly recommeded!
    Sana Hanassi-Savari
    Sana Hanassi-Savari
    2023-02-10
    Great service, I would highly recommend them. The team are friendly, always around to help and very knowledgable.
    Simply Antivirus
    Simply Antivirus
    2022-10-11
    Direct Peak was the right choice for us. Outstanding friendly service. The team are highly knowledgeable regarding tax and financial matters, and they have been an asset to the running of our business. Very approachable and have an answer to all my questions. Highly recommend them! Very well done guys!
    catherine Johnson
    catherine Johnson
    2022-10-11
    I recently changed my Accounting to Direct Peak, mainly due to Karls brilliant support with advice regarding making Tax Digital and around my business growth intentions. Having run my own small business and being with my previous accountant for 13 years, I have been SUPER impressed with every aspect of the move - the advice, the support, and mostly the friendliness of the team and their willingness to want to help. Eve has been so amazing at supporting me to make the transition to Digital VAT returns - I cannot recommend Karl and his team at Direct Peak highly enough - Thanks Guys!
    Peter Baker
    Peter Baker
    2022-09-21
    Karl has been outstandingly patient and generous with his time. I cannot recommended Karl enough. He has helped massively in starting up my own company.
    Click Here

    Dedicated Contact

    Direct Peak provides a dedicated business tax accountant, who will prepare your annual accounts and tax returns. They will be on hand to answer any tax queries you have.

    Click Here

    Tax Efficient

    Your business tax accountant will ensure that the company is set up in the most tax-efficient way and that you are claiming for all the correct expenses to maximise your earnings.

    Click Here

    Quick Turnaround

    We aim to turn around the annual accounts and tax returns quickly to give you visibility of your tax bill well in advance of it being due.