How Accountants Register Companies for VAT

Looking into registering for VAT? As the home of the VAT services Peterborough businesses recommend, we are here to help. Here’s what our accountants will do for you, as well as all the benefits you can expect from registering for VAT with us.

Is it the right time to register for VAT?

One of the first things your accountant will do is check that you are eligible to register for VAT. Currently, any business with annual sales of £85,000 or more should be VAT registered and filing VAT returns every year. We will take a close look at your accounts and give you an honest answer on if registering for VAT is the right move for you right now.

If you do decide to proceed, we can take care of the whole process for you. With our help, there’s so much less for you to worry about – as we’ll do all of the hard work for you.

The benefits of VAT registration

There are a number of benefits of registering for VAT, such as:

  • Opening yourself up to opportunities with companies who only deal with VAT registered businesses.
  • Being VAT registered allows you to claim back the Input Tax you paid when buying goods. However, you’ll need to be aware that this is not applicable to all purchases.
  • Any customers/clients who are also VAT registered will be able to reclaim the VAT you have charged them. This will make you much more attractive to a wider range of customers.

Your dedicated accountant will talk through all of the benefits of registering for VAT with you, so you can proceed with total confidence.

Early VAT registration

Your accountant may ask you to consider Early VAT registration. What is this? Well, it’s when you are bringing in less than £85,000, but may benefit from being able to access the rewards associated with being VAT registered. Doing so before you hit the threshold could help you to earn more money, as you will be able to claim back all VAT you pay on purchases you make for your business.

Special VAT schemes

When we register you for VAT, we will let you know if there are any special VAT schemes that you could benefit from. The schemes currently available to UK businesses are:

  • Retail schemes
  • Second-hand schemes
  • Flat rate scheme for small businesses
  • Annual accounting scheme
  • Cash accounting scheme
  • Tour operators’ margin scheme

We’ll know which scheme is most suitable for your business and will be able to tell you about what you could stand to gain from them.

Leave it to us

When people ask us how accountants register companies for VAT, we have one answer for them: with great attention to detail. You can be sure that we will handle your registration in full accordance with all current rules and regulations. We’ll remind you that the day you register for VAT is the day you must start charging it on your goods and services, and we will also be able to take care of your quarterly VAT returns for you as well. In our hands, the process of registering and then tackling all of your ongoing VAT-related concerns is so straightforward.

Get in touch today

If you want to find out more about registering for VAT, please reach out to the provider of VAT services Peterborough businesses trust today. We’ll be able to advise you on the best way to proceed and will provide tailored support at every stage of the process.