VAT planning can help you limit overpayments and save money. At Quantic Accountancy our VAT specialists can offer you a wealth of advice on creating the best plan for your business. They can also help to ensure you are claiming back all the VAT you’re entitled to, only paying the minimum VAT to HMRC and claiming VAT back as soon as possible whilst only paying it out at the very end of the allowed period.
In addition to this, your business could save even more money and reduce admin if you join a special VAT scheme. These include; VAT annual accounting which can help to reduce the number of VAT returns requiring submission, VAT cash accounting where VAT is only charged on payments and the VAT flat rate scheme where VAT is charged as a percentage of your turnover.
We can help you to make savings, reduce admin and get on the right VAT scheme for your business.