Understanding your scheme
Your agency or consultancy will no doubt already be VAT registered and charging VAT to UK-based clients. VAT can be a complex area of tax with many potential traps. Without expert advice, you could find yourself landed with a fine or worse. There’s no reason to panic though as we’re accustomed to the latest compliance rules — we wouldn’t be doing our job if we weren’t.
We’ve seen it all when it comes to VAT and agencies, including international invoicing, cross-border expenditure, recharges and selling advertising to charities.
Constantly assessing and understanding your scheme
We’ll keep a close eye on your VAT so that when the quarterly deadline rolls around, everything will be sent directly to HMRC in good time. With our knowledge and experience of the VAT, we could potentially find ways to lower your bill. We could also spot an opportunity to move you to another scheme which will ease the burden of VAT on your cash flow.
Because the scope of VAT is constantly shifting, we’ll keep our ears to the ground, so if anything does crop up which may affect your business, you’ll be the first to know.