Professional VAT Services In If you are struggling to calculate VAT on business
transactions, having the assistance of professional VAT services can be a huge
help. Gilmour & Co can help every
business throughout the area calculate all taxes to ensure money is
never lost during taxation.
VAT or value added tax must be paid on all goods and if you
are not making the correct payments to the HMRC
based on your income, you can often receive penalties. To avoid unwanted costs
such as penalties, our advice can ensure your business always makes the right
payments.
What Is VAT & How Do You Pay? VAT is money that is charged to the government. The amount
of money you are charged depends on the type of goods or services that you
provide, as some products are not charged VAT. If you are a business owner in
any industry, out VAT services and advice in , we will ensure you know
what products should be charged with VAT and what does not need VAT included.
When you have to pay VAT, your business must register for
VAT. Your threshold is based on your VAT taxable turnover, if you go over this
threshold, you must pay VAT. The current threshold is £85,000 but if your total
value of everything sold goes over this in a 12-month period, you must pay VAT.
Registering for VAT
has a deadline, 30 days after your business turnover exceeds the threshold. If you
do register late, you must pay what is owed from when you should have
registered. Additionally, you can voluntarily register, ensuring you are always
prepared if you go over the threshold.
VAT Services We Provide Dealing with the HMRC could lead to errors for your business,
but our VAT services should remove this problem. Gilmour & Co can deal
directly with the HMRC for any business, ensuring payments are made correctly
on time to avoid any chance of penalisation. In addition to this, we can also offer
several personal tax services for your business, including:
Self-Assessment
Tax Returns Tax Planning Tax Saving
Solutions VAT for Your
Products VAT Returns
If you require assistance with any tax issues, we can provide
a wide range of services to ensure you stay in control of all payments we make.
Our VAT services in ensure there are never any errors and whether you
are planning for personal or business taxes, our planning ensures you will be
well prepared for these payments.
Contact Us For more information about the VAT services that we can
provide in and the surrounding areas, contact our team today. Call
Gilmour & Co now on 02893 351 116
