Filing your VAT return can be a daunting task, but we're here to simplify the process for you. With our expert team, you can rest assured that your VAT return will be filed accurately and on time.
If you are a business registered for VAT in the UK, filing a VAT return is a legal requirement. It must be submitted to HM Revenue and Customs (HMRC) on a regular basis to report your VAT liability, sales, and purchases, ensuring compliance with VAT regulations.
If the taxable supplies of your business exceed the registration threshold of £85,000, you are required to register for VAT, comply with Making Tax Digital (MTD) rules and submit regular VAT returns to HM Revenue and Customs (HMRC).
VAT returns must be submitted to HMRC within one month and seven days after the end of the VAT accounting period. Along with the VAT return, any VAT liability owed to HMRC must also be paid by the submission deadline.
VAT returns are usually filed on a quarterly basis, although some businesses may be required to file monthly or annually. VAT liability is reported on these VAT returns, calculated based on the Output VAT and Input VAT.
Late filing of quarterly VAT returns incurs penalty points from HMRC. Accumulating four penalty points results in a £200 financial penalty and subsequent late filings attract a £200 penalty. Different penalty point thresholds apply for monthly and annual VAT returns.
We are specialist accountants and tax advisers for your property business! The service delivered by our qualified and experienced team is tailored as per your needs. Our accomplished tech-embedded service with exceptional property tax insight makes us stand out from the rest.
Our team comprises experienced professionals with in-depth knowledge of VAT regulations and filing requirements. We stay up to date with the latest changes, ensuring accurate and compliant VAT returns.
We recognise that every business is unique. Our approach is tailored to your specific needs, ensuring that your VAT return reflects your business activities accurately and optimises your VAT position.
We prioritise meeting deadlines and ensure your VAT return is filed on time. By choosing our services, you minimise the risk of late or incorrect filings, helping you avoid penalties and potential legal issues.
With us, you can have peace of mind knowing that your VAT return will be prepared in full compliance with HMRC guidelines. We ensure that all necessary information is included and calculations are accurate.
We go beyond just filing your VAT return. Our team offers proactive tax planning advice to help optimise your tax strategies, identify potential savings, and ensure you are taking advantage of available tax incentives and reliefs.
Our services are competitively priced, providing excellent value for the expertise and quality we offer. We work with you to find the most cost-effective solutions that meet your accounting needs without compromising on the quality of service.
Our work is centered around innovation, efficiency, collaboration, and delivering exceptional results to our clients.
As property professionals, we naturally wanted to find a firm with strong sector experience and chose UKPA as an integral member of our power team. Working with Yuki and Bipin is an absolute delight, as is the high level of customer service that they provide to us as clients of the firm. I would highly recommend all property professionals to engage UKPA as their accountants.
UKPA have given exceptional support in recent months, by far the easiest to work with and with a great volume of understanding about the situations they were presented with. They also assisted clearly and with full commitment in an urgent situation, flawlessly meeting the need. I have no hesitation in my decision in using UKPA for all future accounting matters for business.
UK Property Accountants came to the rescue when I discovered that I need to register my property quickly, as an overseas entity. They were very professional from start to finish and highly recommend them.
I would like to say a big thank you to Christina who works at UK property accountants. Christina has been personally handling my accounts for the last year and she has made the whole process smooth. Christina has made complex situations very simple and when any issues arise she has always managed to a provide fast solution. Her communication is 10/10 and is far superior to any other accountant that I have previously worked with. Thank you Christina!
I have used UK Property accountants services. I am very grateful and happy with their service. The entire time are very knowledgeable and straight to the point. All my doubts were explained in a way I could understand, all my emails were promptly answered. PETER, RAJ and SIMRAN, thank you so much for your professionalism and efficiency. I had a very pleasant and positive experience. Highly recommended!
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