O.R Accountants

VAT made simple.

Practical support with VAT records, calculations, and submissions, including Making Tax Digital requirements.

We'll help you understand the information required, maintain organised records, and complete your VAT Returns accurately and on time.

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Make VAT easier to manage.

VAT brings additional responsibilities, including charging the correct amount, maintaining suitable records, keeping valid invoices, and submitting returns through compatible software.

The details can vary according to the goods or services supplied, the transactions involved, and any VAT scheme used.

We'll help you establish a clear process and understand the information included in each return.

Support throughout the VAT process.

Our VAT Returns service may include:

  • Reviewing VAT records
  • Checking relevant sales and purchase information
  • Reviewing VAT charged on sales
  • Reviewing VAT claimed on eligible purchases
  • Identifying missing or unclear invoices
  • Considering relevant VAT adjustments
  • Preparing VAT calculations
  • Preparing and submitting VAT Returns
  • Supporting Making Tax Digital for VAT requirements
  • Discussing suitable bookkeeping arrangements
  • Helping you understand the amount payable or repayable
  • Considering VAT schemes where relevant
  • Supporting VAT-registration or deregistration processes where agreed

The exact service will depend on your VAT position, transactions, and record-keeping arrangements.

VAT support for different circumstances.

This service may be suitable for:

  • VAT-registered sole traders
  • VAT-registered partnerships
  • Limited companies
  • Businesses approaching the registration threshold
  • Businesses considering voluntary registration
  • Businesses using a VAT scheme
  • New VAT-registered businesses
  • Businesses needing help improving their VAT records

Making Tax Digital for VAT

Maintain suitable digital records.

VAT-registered businesses are generally required to follow Making Tax Digital rules for VAT.

This involves:

Software supports the reporting process, but accurate bookkeeping and the correct VAT treatment of transactions remain essential.

  • Maintaining specified VAT records digitally
  • Using compatible software
  • Preserving appropriate digital links between connected records
  • Submitting VAT Returns through compatible software

Preparing for a VAT Return

Keep the right information throughout the period.

Useful records may include:

A bank transaction alone may not provide sufficient evidence to reclaim VAT. Suitable invoices and supporting records should be retained.

  • Sales invoices
  • Purchase invoices
  • Credit notes
  • Import and export documents
  • Bank transactions
  • Till or online sales reports
  • Mileage or fuel information where relevant
  • Records supporting VAT adjustments
  • Details of business and personal use
  • Information required under a VAT scheme

O.R Perspective

VAT works best as part of your normal accounting routine.

VAT becomes more difficult when transactions are reviewed only shortly before a return is due.

Keeping records current throughout the VAT period helps identify missing information earlier, provides a better view of the likely payment, and makes the return more manageable.

With suitable software and a consistent process, VAT can become part of your regular bookkeeping routine.

A clear VAT-return process.

  1. 1

    Provide Your VAT Records

    We'll explain the information needed for the relevant period.

  2. 2

    Review and Calculate

    We'll review the records, raise queries, and prepare the VAT calculation.

  3. 3

    Approve and Submit

    We'll explain the result and submit the return once the figures have been approved.

Related Services

You may also find these services helpful.

Bookkeeping

Maintain current records to support accurate VAT Returns.

Explore Bookkeeping

Annual Accounts

Use your completed records when preparing year-end accounts.

Explore Annual Accounts

Management Accounts

Review more current business performance alongside VAT reporting.

Explore Management Accounts

Business Start-Ups

Understand whether VAT registration may need to be considered.

Explore Business Start-Ups

Make VAT more manageable.

Whether you are already registered or need help understanding your position, we'd be happy to discuss the support required.

Book a Free Consultation