As everyone’s least favourite tax, VAT is a complex and difficult area, as with any tax though there is always the opportunity for planning to ensure that your VAT liability is minimised.
Different schemes exist which may prove beneficial to businesses such as the Flat Rate Scheme. These schemes provide scope for planning and our advisers will be able to discuss whether they could benefit you.
Careful consideration should also be given to ensure that you are applying the rules and regulations correctly. Our advisers can help you consider whether you could be making a costly mistake.
For more information about our audit, accountancy, taxation and business advisory services in Biggleswade, Cambridge, Hertfordshire, Huntingdon, Letchworth, Peterborough and Stevenage, please contact us.