VAT or Value Added Tax is a consumer tax; everyone in the society pays VAT knowingly or unknowingly. This tax is applied on purchases of goods and services. For a business VAT affect cash flow.
Government has increased their reliance on indirect taxes. In recent years rate rises and harsh penalty regime introduced.
Over the years VAT compliances have become more complex especially for small and medium size businesses.
VAT is first to become Digital, known as MTD or Making Tax Digital.
Any entity with taxable turnover that is above the VAT registration threshold on 1 April 2019 must follow the MTD rules.
Our business is to learn about yours so that if you face problem dealing with VAT we can help leaving you to get on with running your business. We can provide practical solution, advise you what to do and must not to create problems elsewhere.