VAT Services & Making Tax Digital

Value Added Tax (VAT) is a challenging issue for many small and medium size businesses (SMEs), often these SMEs end up underpaying or overpaying VAT.

We’ll help your business with VAT registration, preparation of VAT returns as well as handle all other VAT issues while ensuring compliance with HMRC., we have the expertise and experience to offer you the highest quality of VAT services irrespective of the kind of business you do.

Our VAT services include:

Assisting with VAT registration/MTD compliance

Assisting with VAT returns computation

VAT compliance and filing

VAT control and reconciliation

Resolving your VAT issues

Dealing your HRMC on your behalf

What is Making Tax Digital?

Making Tax Digital (MTD) has been the biggest change to VAT in decades! MTD is part of government’s plan to digitalise the tax system.

Talk to us to help make the step for an MTD solution for your business.

Adaptive Accounts has supported many businesses through the process with MTD solution and are ready to help all new clients get compliant, we may also help by becoming your VAT agent with HMRC, enabling us to deal with your queries on your behalf.

Our innovative approach allows us to do this quickly and efficiently to ensure you become MTD compliant from the date of VAT registration.

Moving your accounts onto software enables great benefits not just becoming MTD compliant.

Filing the VAT

Any VAT registered business has a responsibility to provide information to HMRC by completing a VAT return, whether that is monthly, quarterly or annually.

This is processed by accessing the HMRC VAT gateway and submitting the VAT to HMRC through MTD compliant software.

For those businesses that used to submit directly to HMRC, using manual systems to record their accounting information, unfortunately, this is no longer an option.

How MTD changed VAT returns

MTD changes came into effect  1 April 2019 for all businesses with taxable turnover above £85,000.  After that date, the current HMRC portal was closed and VAT returns will only be able to be submitted via an application programming interface (API) Software.

MTD forced businesses to keep their accounting records in a digital manner.  It was intended that spreadsheets would not be acceptable, but this has been relaxed as long as there is an API that can link them to HMRC.  Whilst such software exists it is very much a short term workaround and will not provide a long term solution.

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    Get in touch today to arrange a FREE one-hour consultation to see how we work and what we can offer.

    Or Call Us Today on 07968 772806 to see how we can support your business