VAT Returns

Potts&Co can assist you to meet your VAT responsibilities, Whether you’re just starting out in business or have already been trading for a long time.

If you’re just starting out, we can help you decide whether you need to be VAT registered from the outset or not. And we will continue to monitor your situation, so that should it become obligatory for you to register for VAT, we can deal with all of the paperwork for you. In contrast, we will also monitor your position for when we think you are able to and would benefit from deregistering.

We will also look at the VAT schemes your business is eligible for and decide whether you would be better off adopting one or a mixture of them as a few VAT schemes actually can lead to a tax saving or a reduction in your bookkeeping responsibilities.

Potts&Co can prepare your VAT return from your  existing bookkeeping records or we can take care of your record keeping and the VAT return. And we will try to ensure that you claim as much VAT as possible; particularly on contentious items such as mixed-use expenditure and motor running costs.

As with other areas of tax, we can act as your Agent for VAT purposes and therefore correspond on your behalf with HMRC and file your VAT returns online.