VAT is a part of doing business that is responsible for causing considerable fear and anxiety among business owners. Several regulations must be adhered to, and the business owner is subject to penalties if he or she fails to comply. Total Accounting Network can handle your bookkeeping tasks, as well as taking charge of completing the necessary VAT returns. We can advise you whether your business needs to be registered, and how to go about the process to do so.
We can tell you about the different VAT accounting options available to you and offer advice about which one is best for your particular circumstances. The fact that regulations change often means that dealing with HM Revenue and Customs for VAT compliance can be a difficult administrative process.
Let Total Accounting Network ensure that you are in compliance with the regulations so that you avoid penalties as well as over payments. Our VAT service is an efficient and cost-effective solution. Let us help you to navigate this challenging part of running your business.
For calculating VAT, you may find it useful to visit the tool by pasting the following into your web browser:-