VAT can be one of the most demanding areas of compliance for small and medium sized businesses. Nekii Consultancy helps you choose the right approach and stay on top of your obligations.
What this service includes
- Advice on VAT registration thresholds and timing
- Registration and deregistration with HMRC where appropriate
- Preparation and submission of VAT returns using compliant software
- Support across standard, flat rate, cash and annual accounting schemes
- Review of VAT coding on sales and purchases to reduce errors
- Assistance with HMRC VAT enquiries and compliance checks
How this helps in practice
- A service company that reaches the VAT threshold receives guidance on the most suitable VAT scheme for its fee structure.
- An e-commerce business correctly treats UK and overseas sales, marketplaces and digital services for VAT purposes.
- A hospitality business navigates multiple VAT rates on food, drink and services without unexpected liabilities.