VAT returns and Making Tax Digital in Tewkesbury
VAT can be complex, but it does not have to be. We handle registration, scheme selection, quarterly returns and Making Tax Digital compliance for businesses across Gloucestershire.
Complete VAT management
- VAT registration and scheme selection
- Quarterly VAT return preparation
- Making Tax Digital (MTD) compliance
- VAT reclaim on business expenses
- Flat Rate Scheme assessment
- Cash Accounting Scheme advice
- Voluntary deregistration support
When you must register for VAT
You must register for VAT if your taxable turnover goes over £90,000 in any rolling twelve month period, or you expect it to in the next thirty days. You can also register voluntarily below that, which some businesses choose so they can reclaim VAT on costs.
Registering late can lead to penalties and a bill for VAT you did not charge. We monitor your turnover and tell you in good time.
Making Tax Digital for VAT
All VAT-registered businesses must keep digital records and submit VAT returns through MTD-compatible software. Spreadsheets can be used only if they are linked to HMRC through bridging software.
We set up and run compatible software for you, such as Xero, QuickBooks or FreeAgent, and submit your returns directly to HMRC.
Which VAT scheme suits you?
The Flat Rate Scheme simplifies the calculation, Cash Accounting lets you pay VAT only once your customers have paid you, and Annual Accounting reduces the number of returns. Each one helps some businesses and costs others, so the right choice depends on your costs and how you invoice. We run the numbers before you commit.
VAT rates and deadlines
The standard rate is 20 percent, with a reduced rate of 5 percent and a zero rate for some goods and services. Quarterly returns and payments are normally due one month and seven days after the end of the VAT period. We diarise every deadline so you never have to remember them.
Common VAT mistakes we help you avoid
Late registration
Crossing the threshold without registering can mean backdated VAT bills plus penalties.
Missing deadlines
Late returns can trigger surcharges and penalties. We keep a diary so you never miss one.
Incorrect reclaims
Reclaiming VAT on the wrong expenses can invite an HMRC enquiry.
Wrong VAT rate
Standard rate on reduced or zero-rated items creates compliance headaches.
Poor record-keeping
Thin records make returns hard and can invalidate a reclaim.
MTD non-compliance
Manual records or unsuitable software can lead to penalties.
How VAT works with us
Free check
We look at your turnover and activity and tell you which scheme suits you.
Registration
If you need to register, we do it and set up MTD compliant software.
Quarterly returns
We prepare your return, you approve it, we submit it on time.
Ongoing advice
We flag reclaim opportunities and any change that affects your VAT.
Common questions.
When do I need to register for VAT?
You must register when your taxable turnover goes over the VAT registration threshold in any rolling 12 months. You can also register voluntarily. Check gov.uk for the current threshold, or ask us.
What is Making Tax Digital (MTD) for VAT?
MTD for VAT means keeping digital records and submitting returns through compatible software. We set this up and handle the submissions.
How often do VAT returns need to be submitted?
Most businesses file quarterly. Some use the Annual Accounting Scheme, with one return a year and interim payments.
What are the penalties for late VAT returns?
HMRC uses a points system for late returns, with financial penalties once you reach the limit. Late payment attracts interest and penalties too.
Can I reclaim VAT on business expenses?
Usually yes, if the expense is for the business and you hold a valid VAT invoice. Some items are restricted. We check each one.
Where we work.
VAT Returns support from our Tewkesbury office, by phone and video, for clients across Gloucestershire and Worcestershire.
Other services.
Clients who stay for years.
Fantastic service, very reliable and knowledgable. I've been working with Etaxpol for over a decade now and never had an issue, they've all always been helpfulIza was very polite and professional. She explained everything well and no questions were a bother. Really recommendPełen profesjonalizm. Indywidualne podejście do klienta. Szybko i sprawnie. Gorąco polecamFull professionalism. Individual approach to the client. Fast and efficient. Highly recommend.
I have worked with Iza for several years and I have always found her to be extremely reliable and professional.Zawsze sumiennie i profesjonalnie. Współpraca przez 10 lat i pełna satysfakcji. Moje rekomendacje.Always conscientious and professional. Ten years of working together and fully satisfied.
Lovely place, great people all friendly, nice and kind. 100% would recommend.Najlepsze biuro rachunkowe jakie znam. Pełna profesjonalna obsługa 100% skuteczność. Polecam bardzoThe best accounting office I know. Fully professional service.
The best service. My recommendation for companies and self employed businesses. Online service and office access.Profesjonalna i miła obsługa, szybki kontakt i jasne wyjaśnienie wszystkich kwestii związanych z księgowością. Wszystko przebiegło sprawnie, bez stresu.Professional and pleasant service, fast contact and clear explanations. Smooth and stress free.
Very professional and helpful. I'm glad I found themReviews are taken from our Google Business Profile. Reviews policy
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