Professional Advice With a Personal Touch

Thompson Jenner offers a full range of Value Added Tax (VAT) services from registration, the completion of VAT returns and dealing with more complex transactions and minimising your liabilities. Let us help you deal effectively with the VAT aspects of your business.

VAT is one of the most complicated areas of taxation for business. It can be a significant burden for any registered business, ranging from compliance in completing VAT returns to understanding the VAT legislation on specific transactions.

Many businesses fail to take advantage of the various reliefs available and either pay too much VAT or miss out on various cash flow benefits.

We provide an efficient cost effective VAT service from our Exeter and Exmouth based teams, which includes:

  • Assistance with VAT registration
  • Advice on VAT planning and administration
  • Use of the most appropriate scheme
  • VAT control and reconciliation
  • Help with completing VAT returns
  • Planning to minimise future problems with HM Revenue & Customs (HMRC)
  • Negotiating with HMRC in disputes and representing you at VAT tribunals
  • Advice on VAT on cross-border transactions
  • VAT control and reconciliation
  • VAT inspections
  • We can also provide a VAT ‘health check’ service
  • Helping you with Making Tax Digital for VAT

Making Tax Digital for VAT (MTDfV)

HMRC recently published VAT Notice 700/22, giving taxpayers more information on the ‘digital links’ required as part of its MTDfV initiative, and mandating a ‘soft landing’ period for taxpayers who may struggle with the IT demands associated with MTD.

When MTDfV comes into effect from 1 April 2019, businesses with a taxable turnover above the VAT registration threshold (currently £85,000) will be required to keep their records in a digital format. Businesses will also need to file their VAT returns digitally using Application Programming Interface (API)-enabled software, and not through HMRC’s current portal. For more information on MTD for VAT, please visit our Hot Topics section.

You can also read our Making Tax Digital for VAT factsheet.

We can support you through the changes that are being brought in for recording and filing of MTDfV. Please talk to our Cloud Accounting team if you require any further information on how this will effect you and how we can help you be compliant with MTDforV. 

Constant changes to VAT regulations and the ever growing demands of HMRC calls for a well-trained professional assistance. We have a wealth of advice and information on all aspects of VAT, including essential advice for VAT planning and how to manage a VAT inspection. Why not give us a call to find out how best you can benefit from our services.

We would love to meet you, which is why we offer all new clients a free, no obligation initial consultation. Click the contact button below to see all the methods to get in touch with us and if you like you can leave an email enquiry with the form provided and we will contact you to arrange a time and date.

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