OnTax Dunfermline Accountants Discuss:
Vat Returns
As dunfermline accountants we are regularly approached and questioned about the basics of vat registration. Vat is a very heavy and complex subject and taking advice from OnTax Dunfermline accountants could well save you a hefty pile of cash!
From vat registration through to submitting vat returns we do it all. In one case along we saved a client over £100,000 in vat simply because we knew the subject matter better than the vat inspector. This illustrates that using Ontax Dunfermline Accountants could well be a wise and cost effective move for you.
Being Vat Registered Creates Credibility - But Is There A Hidden Cost?
Frequently Asked Questions
In the 20/21 tax year the vat registration threshold is £85,000
Although the vat registration threshold is £85,000 in 20/21, you do not wait until you reach this amount of turnover before registering. Rather it is measured "Pro-Rata" and there are a few ways of calculating this. For more information contact us.