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At HBBS, we help you meet your VAT responsibilities, from registration to filing returns, ensuring compliance and maximising savings.
Whether you’re starting a new business or have been operating for years, HBBS can help you navigate your VAT responsibilities with ease. For new businesses, we assist in determining whether VAT registration is necessary and handle all related paperwork. We also continuously monitor your situation to ensure timely registration or deregistration when beneficial.
For all businesses, we evaluate eligible VAT schemes to find the best fit, potentially leading to tax savings and reduced bookkeeping duties. Our comprehensive service includes preparing your VAT returns from your records or managing your record-keeping and returns. We aim to maximise your VAT claims, especially on complex items like mixed-use expenditures and motor running costs. As your Agent for VAT purposes, we correspond with HMRC on your behalf and file your returns online, helping you avoid penalties and interest charges.
Our VAT service process starts with a thorough assessment of your business to determine VAT registration needs and optimal VAT schemes. We then handle all registration paperwork and continuously monitor your VAT status for timely updates. We prepare and file your VAT returns accurately, managing your records if needed. Acting as your Agent, we correspond with HMRC on your behalf, ensuring compliance and helping you avoid penalties and interest charges, all while maximising your VAT claims.