Value Added Tax is one of the most complex taxes imposed on business causing many businesses to inadvertently overpay or underpay.

The ever-widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever-growing demands of Revenue and Customs call for a trained professional eye to ensure that you comply with the regulations.

If your business is liable for registration, generally, every quarter a VAT return is issued to you and must be submitted to Customs & Excise no later than 30 days from the end of the quarter.

It is important to make returns and payments on time as penalties exist for defaulters.

The first return submitted late will result in a surcharge liability notice. If another return is late within 12 months then a default surcharge of 2% of the outstanding VAT will be levied.

Please contact us on 01326 315001 for a no obligation chat or for more information on this subject please contact reception