Expert VAT advice for businesses in Waterlooville

If you are VAT registered, then you need to complete a VAT return each year to show how much VAT you have to pay HMRC.  A VAT return includes information on sales and purchases for the period and also tells you what you owe and what you can reclaim.  If you need help with the return or general VAT advice and are in Waterlooville, Lacey & Co. are your local VAT experts.

Making Tax Digital and VAT

The new government system called Making Tax Digital is now live and this means a new way to handle VAT reporting and returns.  Under the new system, businesses are required to keep digital records and to use software to submit their VAT returns from April 1st, 2019.  If you are having problems switching to this new system or using it, we are here to help.

We can help you with VAT advice if you are unsure how to get started with the system or whether you are using it correctly. We can also handle the actual returns process on your behalf.

VAT register or not?

If you are approaching the point of becoming VAT registered or are considering doing it voluntarily, we can also offer advice and information on this process.  We can help you get registered and start recording all the information that you need as well as understanding how VAT refunds work and what you might get.

In addition to VAT, we also offer a range of tax services.  We can complete year end accounts and submit tax returns, capital gains tax and also employment income.  We can help with land and property income and all income tax queries including liaising with HMRC on your behalf as your certified accountant.