With a team of VAT experts at our Middlesbrough office we have all your VAT needs covered. Having plenty of experience within the accounting industry, you can trust that our team of specialists can help with all your VAT Returns. We can carry out a review of the VAT profile of your business and work out which would be the best scheme for your business. We always aim to work closely with our clients to ensure that we give our all to ensure that we are helping to maximise your wealth and reduce your tax liability.
We can advise on the best VAT scheme option out of:
If you are unsure if you are using the best VAT scheme the give us a call and we will be happy to advise.
At M. Wasley Chapman & Co we use a number of methods to help our clients in and around Middlesbrough complete their VAT returns. The methods we use are:
When you choose us to assist in your VAT return, we’ll provide a highly professional and efficient service to ensure your VAT returns are completed within good time, helping you to avoid any penalties or a stressful VAT investigation.
Whether you are in need of VAT reclaims, for individual or business purposes, you can be assured that our team at Wasley Chapman will be able to tend to your every need. In most cases, you are likely to reclaim VAT on items that you have purchased while working. If the purchase is for an individual’s use, you can only claim back the VAT that have been used for business. It is important that you keep hold of records of purchase for your business-related items, as this will help us when it comes to supporting your claims. An accounting period will usually run in a cycle of 3 months.
The VAT Return records things for the accounting period such as:
You must submit a VAT Return even if you have no VAT to pay or reclaim.
You cannot reclaim VAT for:
If you are based in Middlesbrough and need assistance with completing your VAT Returns, then make sure that you get in touch with M. Wasley Chapman & Co. Our experienced accounting team are capable in assisting in a range of VAT related services.
We also cover; Guisborough, Redcar and Saltburn, Whitby and Scarborough.
What is VAT?
VAT stands for Value Added Tax. If you are VAT registered, you need to add 20% on top of whatever you sell.
Can I reclaim VAT?
You can sometimes get VAT refunds on goods bought in the UK if you:
You can usually reclaim the VAT paid on goods and services purchased for use in your business. If a purchase is also for personal or private use, you can only reclaim the business proportion of the VAT.