The good news is that if your bookkeeping system is working well then VAT should be as simple as falling off a log and the next change in the VAT rate, from 17.5% to 20% on January 4, 2011 should not have been a problem.
Most small e.g. one man business, medium and large businesses have routine, recurring transactions, with the occasional exception appearing from time to time.
Accountancy Champs can help you ensure that the VAT on your routine transactions is being dealt with correctly and any exceptions are handled correctly when they arise.
We can also help you consider the advantages and disadvantages of various VAT schemes such as:
Annual accounting and
So, if you find VAT a fog, let us help you clear the air. Contact us to help you get started.
Sign up to our Business as Usual service package for 12 months to take advantage of our 20% discount offer.