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
