VATVAT can be the bane of everyone affected by it.

The complex regime of regulations imposes a tremendous administrative burden on businesses.

Mistakes in calculating VAT can be costly – and the rigid system of penalties and interest charges for mistakes and the late submission of returns adds to that burden.

Our cost-effective VAT compliance and planning services can relieve you of this burden.

Our team of VAT professionals will help to keep your VAT affairs in order, make sure you are collecting the right amounts for each transaction, and ensure that you make payments and file returns correctly and on time.

In addition to providing a comprehensive bookkeeping and VAT accounting service, we can also advise on and help with:

  • The pros and cons of voluntary registration
  • The timing of compulsory registration
  • Extracting maximum benefit from the rules on de-registration
  • Partial exemption
  • Timing and delaying VAT payments
  • Flat rate VAT schemes
  • VAT on imports and exports
  • VAT control visits by Customs and Excise

We can also help you in the event of an HMRC enquiry into your VAT figures and have specialist external advisers who provide us with expert advice for the non-routine transactions.

Contact Liric Accountants today for a VAT health check and to see how we can relieve you of the burden.