Recurring compliance work
If you require ongoing VAT compliance support, we will:
- Prepare or review VAT returns based on your accounting records.
- Advise you of VAT payable or recoverable and the relevant deadlines.
- Submit VAT returns to HMRC, where authorised, in compliance with Making Tax Digital for VAT requirements.
Your responsibilities
As the owner of a VAT-registered entity, you are responsible for:
- Maintaining accurate and complete VAT records.
- Ensuring you meet Making Tax Digital (MTD) requirements, including using compatible software where required.
- Reviewing and approving VAT returns before submission.
- Notifying us promptly of changes that may affect VAT treatment, including any cross-border transactions.
- Informing us of any errors, omissions or inaccuracies you become aware of after submission, so that we can assist with any necessary voluntary disclosure to HMRC.
You will also keep us informed of any material changes in your circumstances that could affect your VAT position, for example:
- A change in the nature of your business or the types of supplies you make.
- A change in business structure (for example, from sole trader to partnership or company).
- Acquiring or disposing of land or property.
- Starting to make VAT-exempt supplies.
- Having reclaimed VAT in the last 10 years on expenditure of more than £250,000 on purchasing, building or redeveloping a property, where the balance between taxable and exempt use has changed (potential Capital Goods Scheme adjustments).
