Using VAT (Value Added Tax) effectively can add value to your business. We at FAR Accountancy can manage you through its complexity provide and ensure you inadvertently don’t over or under pay the tax. This could really take the pressure of you. We will, of course, consult with you prior to submitting the return.

Taxation in general is designed to allow the Government to collect revenue on the profit element of your trade and VAT follows this rule. But first you must be registered for VAT and FAR Accountancy is able to register your business for VAT online quickly and with a minimum amount of fuss. Along with the VAT registration process, our VAT accountants in Leicester can assist in getting you up to speed with the various rates of VAT and can answer any of your questions. We will set you up with a system to ensure that VAT is handled in an efficient way. If it is handled incorrectly, VAT payments can quickly escalate into a nightmare.

As with any form of taxation, being ahead of the game will save you money in the longer term.  Aspects such as the timing of registration and invoicing strategy can impact the amount of VAT you pay. HM Revenue & Customs operates a number of different schemes to simplify the burden and these can be used to reduce your overall tax liability too. At FAR Accountancy we are extremely well versed in VAT planning and can assess the most suitable path for your VAT payments to take.

We can, alongside our bookkeeping services, calculate and keep your VAT records. We will prepare your VAT return online and notify you of the amounts payable. We pride ourselves in the fact that we have never missed a deadline for any of our clients and we aim to maintain this 100% record.

Whatever your VAT queries, from start-ups, to investigations, we can offer expert VAT advice to help you along the way. FAR Accountancy have the VAT and accounting expertise and the business and personal commitment to help you to maximise the potential of your business.