Value Added Tax
You know the feeling – when it is time to submit your VAT Return everything else has to go by the board – or else risk the penalties. We are happy to provide guidance or a full bookkeeping services to ensure you are fully compliant and avoid penalties.
Focused on Local Businesses
From one local business to another, let us help you with your accounts today.
Meet Us
We want to help you get the most out of your business and love talking with business owners and self-employed professionals. Contact us for an appointment either by phone or in person.
Make the Switch
Changing your accountant is simple. You can switch accountants at any time and there are no tax implications. Our team will help guide you through the process.
MTD VAT
Making Tax Digital (MTD) VAT has changed the way UK businesses, accountants and bookkeepers report VAT. MTD for VAT forms part of a wider government initiative to simplify the tax system, making it easier for taxpayers to get their tax right. Individuals and businesses who fall within the new thresholds must use compatible software to keep digital records and submit their tax return using HMRC-recognised software like Xero and Sage.
MTD for VAT was first introduced in 2019 for businesses over the VAT threshold. Now, the rules have been extended to all VAT registered businesses, regardless of turnover. As such, all VAT-registered businesses must comply with MTD for VAT from April 2022.
Speak to a qualified adviser at Joseph Lawrence to find out what this means for you and learn how we can help you become MTD-compliant whether you’re a new start-up exploring digital software options or a long standing business looking to transition to fully digital bookkeeping systems.
The prize for MTD is about much more than just ensuring everyone pays the right amount of tax. It’s about placing UK businesses on a more digital footing, preparing them for the future and giving them the tools they need to succeed in an increasingly competitive and international marketplace. Is your business ready to move on? Talk to us about using popular software brands Xero and Sage and let us help you seize the opportunities of digital technology.
Keeping you running… smoothly!
We are qualified to help you with a range of VAT issues including:
- Making Tax Digital (MTD)
- Registration and deregistration
- Cash accounting and annual accounting
- Determing rate of supply
- Claiming input VAT
- Partial exemption
- Land and property transactions
- Option to tax
- Construction and building services
- Capital Goods scheme
- International transactions
- Transfer of a going concern
- Business specific issues
- Inspections and investigations
- DIY housebuilders scheme
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Get in Touch
Call us on 01248 671168 to arrange a consultation by telephone.
Visit You
Arrange a consultation with a member of our team at your premises.
Visit Us
Pop in to see us in our office in Bangor.