Skip to main content Skip to search

VAT Returns

Banner 4
CIS Accountants Maidstone

ACCOUNTING

Why does a company require VAT Returns?

If your company’s turnover is higher than the current VAT threshold, you may find that you have to register for VAT. If your business drops into this category, then you have to produce and file a VAT return to HMRC, normally very quarter.

But, even if you are not obliged to register for VAT it can often be an advantage to registering voluntarily. Determining whether you should or shouldn’t register can be complicated but don’t panic, help is available. MTS Accountancy can guide you through the process and ensure that you get the best help possible.

WE HELP YOU FOCUS

Completing your VAT Returns

VAT Returns are normally simplistic, and in some instances, it makes more sense to complete them yourself. MTS Accountancy will advise you if you feel confident completing your returns yourself.

Do you use bookkeeping software? If so then its more than possible it will have the capability to complete your VAT returns through the software based upon the bookkeeping you have completed.

Nonetheless, VAT can be a very complex field and often it is worth contacting a specialist to complete your VAT return for you. This is where MTS Accountancy can help.

Contact a member of our team for more information.

TAX REDUCTION RELATED TO COSTS

  • One
  • Two
  • Three

GROWTH IS YOUR FRIEND

  • One
  • Two
  • Three

Management accounting focuses on the measurement, analysis and reporting of information that can help managers in making decisions to fulfil the goals of an organization. In management accounting, internal measures and reports are based on cost-benefit analysis, and are not required to follow the generally accepted accounting principle

Tax accounting in the United Kingdom concentrates on the preparation, analysis and presentation of tax payments and tax returns. The UK tax system requires the use of specialised accounting principles for tax purposes which can differ from the generally accepted accounting principles for financial reporting.

Depending on its size, a company may be legally required to have their financial statements audited by a qualified auditor, and audits are usually carried out by accounting firms.