Fixed Fee Accountants

We have been providing a range of tailored accounting and taxation services to individuals as well as small and medium sized businesses. Cheap Accountants in London is a part of a well-recognized accounting firm in the UK.

VAT Registration

 

VAT registration is the way toward posting your business with the government as sales and active in production. After a business registers for VAT, it’s ready to recover any VAT paid on organization buys and gets liable for:

  • Charging VAT on any merchandise or administrations sold
  • Paying any VAT because of HMRC
  • Submitting VAT Returns
  • Keeping VAT records and a VAT account.

Organizations enrolled for VAT will be given a one of a kind VAT enlistment number. This number ought to be remembered for deals solicitations and is required for the converse charge method for available deals between EU nations. In the UK, organizations with a turnover of more than £85,000 are needed to enlist for VAT. Your taxable turnover is the all-out estimation of all available deals you make all through the duty year. Deals that are excluded from VAT don’t check towards your taxable turnover.

 

The VAT threshold, otherwise called the VAT registration threshold, is the measure of cash you can win before you have to enrol for VAT. You should enlist for VAT if:

  • You anticipate that your VAT available turnover should cross the VAT enlistment edge inside the following 30 days, or;
  • You have earned more than the VAT edge over any year time frame.
  • Remember that this year time span doesn’t need to line up with the expense year, so you ought to consistently check whether your VAT available turnover throughout the previous a year has crossed the current VAT enrollment edge.

In the UK, the VAT enrollment threshold is at present £85,000 (2020), and the latest UK VAT threshold are:

  • 2014-2015: £81,000
  • 2015-2016: £82,000
  • 2016-2017: £83,000
  • 2017-2020: £85,000

Looking for some guidance with VAT? Look no further and get in touch with us! Accotax is one of the finest accountancy firm in UK, from VAT registration, VAT registration threshold to HMRC VAT registration we shall assist you from the beginning till the end.

Our Services

We are proud to offer wide range of affordable accounting and taxation services in London to the businesses nationwide. Our team of dedicated qualified and clever tax accountants will ensure that you get the best and affordable service at a friction of a cost. Please see the list of the services that we offer:

  • Bookkeeping Services
  • Annual Return
  • Limited Company Accounts
  • Contractors Accounting
  • Dormant Company Accounts
  • Registered Office Address Facility
  • Quarterly VAT Returns
  • VAT Registration
  • Personal Tax Returns
  • CIS Tax Return
  • Landlord Tax Return
  • Capital Gains Tax Calculations
  • Tax Refunds
  • Payroll & PAYE Registration
  • Monthly Payroll
  • Xero Training

Simply get in touch with us to find out more about our services. Please feel free to ask for a Free Quote or call us at 0208 090 3485.

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