With a team of VAT experts across our North East offices 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. Our team always aim to work closely with our clients to ensure that we give our all and are helping to maximise your profitability and growth.
We can advise on the best VAT scheme options including:
- Flat rate scheme
- Cash basis VAT scheme
- Full/Invoice based scheme
- Monthly & Annual schemes
If you are unsure whether you are using the most beneficial VAT scheme then give us a call
Making Tax Digital for VAT
Now for all VAT registered businesses.
Since April 2022 all VAT registered businesses, irrespective of turnover must now submit their VAT via a HMRC approved software. Whether you are in need of MTD training or require M Wasley Chapman & Co to fully manage MTD for VAT submissions on your behalf, our team of experienced VAT experts can provide you with all the help you need.
Since the introduction of MTD by HMRC, we have become market leaders in the transition to digital accounting. All of our staff have are qualified advisors in the above packages. As a firm we have been awarded Xero Platinum Partner status. We also have Sage certified experts for those of you who prefer Sage systems.
VAT specialists in the North East
If you are based in North East and need assistance with completing your VAT Returns, then make sure that you get in touch with M. Wasley Chapman & Co. Our experienced VAT team are capable in assisting with a range of VAT related services.
We cover; Middlesbrough Saltburn, Whitby, Scarborough and the surrounding areas.
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.
