Many people’s least favourite tax, VAT is complex and can be difficult to get to grips with.
As with any tax though, there is always ample opportunity for planning and as a result you take certain steps to ensure that your VAT liability is minimised.
Different VAT schemes exist, some of which can prove beneficial to businesses, such as the Flat Rate Scheme. We can discuss these with you in more detail and help you to identify whether there are any that you should be taking advantage of, specifically.
Whatever scheme you may deem appropriate, careful consideration should always be given to making sure that you are applying the rules and regulations correctly.
Our advisers have the knowledge and experience to help you avoid making any potentially costly mistakes.
For more information about our audit, accountancy, taxation and business advisory services in Biggleswade, Cambridge, Hertfordshire, Huntingdon, Letchworth, Peterborough and Stevenage and beyond, please contact us.