HOW WE HELP MAKE VAT RETURNS NO HASSLE

Value Added Tax (VAT) was introduced in 1973 as a tax on the sale of goods and services and is the third largest source of income for the Government after Income Tax and National Insurance.

Your VAT obligations

You must register with HM Revenue and Customs (HMRC) for VAT if your taxable turnover is greater than £83,000, although you can choose to register even if your turnover is less. If you’ve charged more VAT than you’ve paid, you have to pay the difference to HMRC and if you’ve paid more VAT than you’ve charged, you can reclaim the difference from HMRC.

VAT is charged on the sale or loaning of goods and services, the selling of business assets, commission charged and even the sale of items to staff, such as canteen meals.

So that HMRC is kept up-to-date on your VAT activity, every three months you must submit a VAT Return for what is known as your accounting period. The return contains records of activity such as:

  • your total sales and purchases
  • the amount of VAT you owe
  • the amount of VAT you can reclaim

You must submit a VAT Return even if you have no VAT to pay or reclaim.

Our solution

Dealing with all matters connected to VAT can be complicated and stressful, and with the accounting period coming around every quarter, it means that you are never far away from your next submission.

The good news is that we can take care of your VAT return for your business. We will do that either as part of the overall bookkeeping package that we have sat down and developed in partnership with you or we can provide the service as a single project once every three months.

Whichever way you choose, we’re here to provide that VAT Returns service and as part of our service we will:

  • Produce VAT reports
  • Prepare the necessary paperwork in an accurate and timely way for submission
  • Submit the return to HMRC on your behalf

We will ensure the return is submitted on time and we will let know about any payments that may be due to HMRC. We know how complicated VAT and VAT returns can be for you and your business so we are here to ease that burden and leave you to get on and do what you do best, run your business.

Customer testimonial

“The MVH team take away all the stress of dealing with our financial records and deadlines, leaving us to concentrate on running our business. A very reliable and efficient service!”

Steve and Dan

Partners, Auto-Logic

“Having worked with Michele and her team for just over a year now, we have been nothing but impressed by their services and friendly persona. We are 100% happy with MVH Bookkeeping and are looking forward to using them for our future businesses. Highly recommended!”

Darren White

Director, We Fit Quality Kitchens and Kitchen Fit UK

“We know we are in safe hands with MVH Bookkeeping and can sleep at night knowing that our accounts are up to date and all our deadlines are being met – such a relief!!”

Peter Weatherhead

Owner, Regal Fruiterers

“Having worked on my bookkeeping over the last 5 years or so, we at Nomad Catering know that we can rely upon the services of MVH to fulfil all the requirements of our catering business.”

James Brown

Executive Chef, Nomad Catering

Michele has really turned the whole bookkeeping side of my business around. She has organised everything in a way that has made my life so much easier and is the driving force in ensuring that my VAT returns, PAYE and Tax return information are provided to HMRC on time. Before Michele I was getting penalties and hundreds of those pesky brown letters, these days I breathe much easier as I know Michele has everything in hand! At a price that won’t break the bank and is very reasonable for the level of service performed, I wouldn’t recommend anyone else……………

James Brown

Executive Chef, Nomad Catering

Using MVH Bookkeeping means that I know my staff will always be paid correctly and on time, no last minute rush or panic.  Michele and her team are a classy operation from bookkeeping to payroll and everything in between.

R. Pullan

MD, Carmaster Garage

Michele has done my payroll and bookkeeping since I started my business six years ago.

She has been an absolute Godsend in helping me through all the pressures of starting a new business and growing it. There have been many changes and challenges over the last six years, as the payroll has grown and as we have moved into new areas involving different VAT rules. Through it all, she has managed everything without fuss and taken a huge burden off my shoulders allowing me to concentrate on running the business.

She has been a joy to work with and when my daughter needed someone to do the payroll for her business I had no hesitation in recommending Michele. What more can I say?

Chris Wilde

MD, Yorkshire Energy Systems Ltd

MVH Harrogate Ltd Trading As MVH Bookkeeping. Company No. 11345172

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