VAT Services

From your date of registration, you will be responsible for several things. These include:

  • Charging the right amount of VAT
  • Paying any VAT due to HMRC
  • Submitting VAT returns
  • Keeping VAT records and a VAT account

 

VAT Services

Book a consultation now to tailor a comprehensive package to fit your needs.

Discover how Double Point can help you grow.

We recognise that VAT can be a complicated matter to deal with, and we understand that you may have other priorities as a business owner. We can handle all of your VAT requirements for you so that you can focus on other aspects of your business such as growing your company. We will:

File your VAT returns on a quarterly basis

Ensure you are applying the correct VAT rate to your goods and services

Ensure you are paying the correct amount of VAT

Ensure you are reclaiming the right amount of VAT

Why Choose Us?

Reliable VAT Services

Complying with the constantly changing VAT regulations are vital for all businesses to ensure adherence to the law. From determining the applicable rate depending on the goods/services you provide to ensuring your business is Making Tax Digital compliant; Double Point are on hand to assist with all your VAT related matters. We can take the complications out of VAT and offer you simple advice, ensuring your clawing back any money owed to your business by HMRC, thus optimising cash flow or paying over any amounts owed ensuring compliance.

Chartered Accountants

The Double Point team consists of certified Chartered Accountants with more than 30 years of combined expertise, so you can rest assured knowing you’re in competent hands.

Bespoke Service

We offer initial, free consultations to deep dive into your business needs and understand your vision and how we can help, allowing us to tailor our service to you.

Regular check-ins

We meet with our clients on a periodic basis to present the findings from monthly management accounts, providing a space for our clients to give business updates and discuss any challenges we can assist with to aid the growth of their business.

Dedicated Account Manager

All of our clients are given a dedicated account manager at their beck and call. Regardless of what you need, Double Point is here to help!

Focused Approach

We understand that business owners may not have time to focus on the accounting and finance aspect of their business hence our aim is to make your life easier by doing the heavy lifting for you, allowing you to prioritise what matters most to your company.

Financial Literacy

Unlike other accountancy firms, Double Point is about more than just the numbers. Our aim is to impart knowledge so that you can also possess skills required to make informed financial decisions.

For Who?

Who needs to register for VAT?

If your VAT taxable turnover is more than £85,000, then you must register your business for VAT with HMRC. If your turnover is less than this, you may voluntarily register for VAT and may be eligible for tax benefits if you do so.

Responsibilities

From your date of registration, you will be responsible for several things. These include:

  • Charging the right amount of VAT
  • Paying any VAT due to HMRC
  • Submitting VAT returns
  • Keeping VAT records and a VAT account

 

Double Point are available to help you with all aspects of this, including filing VAT returns on a quarterly basis. We can ensure that you are paying the right amount of VAT, in addition to reclaiming the correct amount.

VAT Services

Making Tax Digital

If your business has a taxable turnover of more than £85,000, then you are obligated to follow the rules for ‘Making Tax Digital for VAT’ by keeping some records digitally. Currently you can also sign up for this voluntarily if you make less than £85,000, but from April 2022, all VAT registered businesses must sign up, regardless of what they earn.

You must keep many records digitally, including: