With a team of VAT experts across our North East offices we have all your VAT needs covered.
At M. Wasley Chapman & Co, we provide expert VAT return services to businesses across the North East. Whether you are a sole trader, a limited company, or a small business, ensuring VAT compliance is essential to avoid penalties and manage cash flow effectively. Our experienced team of VAT specialists works closely with clients to simplify the process, helping businesses stay on top of their obligations while making sure they are using the most beneficial VAT scheme available.
With years of experience in accountancy services, we understand the complexities of value added tax and can help ensure your VAT paid is accurate and submitted correctly. We assess the VAT profile of your business and advise on the best scheme, whether that’s the flat rate scheme, cash basis VAT scheme, or a more traditional invoice-based scheme. If you are unsure whether your business is on the right VAT scheme, we can review your situation and provide professional advice to help maximise efficiency and growth.
Making Tax Digital – Stay Compliant with VAT Laws
Since April 2022, all VAT registered businesses, regardless of turnover, must comply with Making Tax Digital (MTD) requirements. This means that VAT returns must be submitted using HMRC-approved software, ensuring businesses remain compliant with tax digital regulations.
At M. Wasley Chapman & Co, we have been at the forefront of the transition to digital accounting. Our team can provide MTD training to help businesses understand the new system or fully manage Making Tax Digital submissions on your behalf. We are recognised as a Xero Platinum Partner and have Sage-certified experts, meaning we can support businesses using these platforms to ensure a smooth and compliant VAT return service.
Supporting North East Businesses with VAT Returns
We work with businesses across Middlesbrough, Saltburn, Whitby, Scarborough, and surrounding areas, helping them manage VAT returns North East efficiently. Our dedicated team offers tailored support to ensure your business is always in line with tax laws and VAT compliance requirements. Whether you need assistance with tax returns, advice on the best VAT scheme, or guidance on how to handle value added tax, we are here to help.
Staying compliant with VAT regulations is crucial for any business. Mistakes or delays in filing VAT returns can result in fines, unnecessary stress, and disruptions to cash flow. Our experts not only ensure that your VAT paid is correctly recorded, but we also help businesses stay compliant with the latest regulations while maximising financial efficiency.
Get Professional VAT Support Today
If you need assistance with your VAT returns in the North East, our team at M. Wasley Chapman & Co is ready to help. Whether you’re a small business, a growing limited company, or a self-employed professional, we offer reliable VAT return services tailored to your needs.
For expert guidance and support with VAT compliance, Making Tax Digital, or general accountancy services, contact us today. We are committed to helping businesses across the North East manage their finances efficiently while ensuring they meet all value added tax obligations.
Frequently Asked Questions
VAT stands for Value Added Tax. The rate is currently 20%.
You can sometimes receive VAT refunds if your VAT on purchases exceeds your VAT on sales. Also known as input and output VAT.
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.
