WHAT WE DO
Value Added Tax

Our team of experts are here to help to ensure that you pay the right amount of VAT and take advantage of any available reliefs.

Value Added Tax

VAT is considered one of the most complex areas of taxation and requires planning to ensure the right amount is paid.  The legislation is changing continuously which is why our team of experts are continually up to date and aware of this ever changing landscape for the benefit of our clients.

Case study

Mr and Mrs J own two office buildings and two residential buy to lets.  By structuring their property affairs in a specific way, we were able to reclaim VAT on certain costs in connection with the residential properties that they had previously not claimed as they thought such costs were not recoverable.

This resulted in a refund of £5,000 and an ongoing annual saving of a similar amount – not to mention a very satisfied client.

This just goes to show that VAT can be complex but with the right guidance you can maximise VAT savings in your business.

Our team can advise on;

  business set up Business set up and pre-trading expenses
Money VAT planning using the flat rate scheme for businesses with an annual turnover of less than £150,000
 House VAT and property matters
  health check VAT health check
    DIY build scheme DIY build scheme
Hand shake Charities and reduced rate schemes
 pound sign Annual accounting for businesses with an annual turnover of less than £1.35m
cash Cash accounting for businesses with an annual turnover of less than £1.35m
 law Time to pay arrangements
Refund Understanding when a supply is vat-able
 zero Standard rated, zero rated or exempt

 


 

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WHO LIKES US

We have used the services provided by CHW from the start of trade and incorporation of the company. We have found their services for tax, accounts…

Entire Projects - Phil Hodson

Ian and his team have been invaluable to me since I moved my business over to CHW accounting. I began looking for an accountant as I…

Belo and Me - Rachel MacGregor, Managing Director

I’ve worked with Nicola and the team for approximately 23 years now, and have always been very pleased and felt like the business is in safe…

Barcon Systems Ltd - Karen Gallagher, Finance Director

As Porsche Automotive Engineers our “world” involves “hands on” work with vehicles where we learned to measure our performance tangibly – (in stark contrast to how we perceived Accountancy…

Hartech Automotive Ltd - Barry Hart

I used to dread receiving my mail and the numerous letters from the HMRC. Now I am able to manage my business and leave all accountancy…

Parthenon Facilities Management Ltd - Mark Wilson, Managing Director

I rely on the team at CHW and I am delighted to have been a client for more than a decade. We were looking for accountants that…

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WHAT'S THE NEWS?

Grab a biscuit and a brew and read our latest news.

17 October 2018

Understanding Small Business Taxes

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With so many complicated tax rules in the UK, it can be difficult to know exactly which ones apply to your business. CHW director, Nicola Roby tackles the confusing world of small business taxes.


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3 October 2018

Claiming tax relief for your work expenses

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It’s not just employers who can claim tax relief for expenditure. As an employee you too might be able to claim tax relief if you use your own money for things you use as part of your employment. Nicola Roby, at CHW Small Business Bolton Accountants looks at whether you could save money.


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25 September 2018

Could you save money by switching to the flat...

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The amount of VAT a business pays or claims back from HMRC is usually the difference between the VAT charged by the business to customers and the VAT the business pays on their own purchases. However, the flat rate VAT scheme is often preferred by small businesses, Nicola Roby explains the scheme, eligibility how it could save your business time and money.


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19 September 2018

Understand your tax code and check if it is...

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Your tax code is used by your employer or pension provider to work out how much Income Tax to take from your pay or pension. HM Revenue and Customs (HMRC) will tell them which code to use to collect the correct tax. Nicola Roby at CHW Small Business Accountants in Bolton gives a brief overview.


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11 September 2018

Registering as self-employed with HMRC

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If you’ve taken the big decision to become self-employed there are some compliance issues you will need to have covered. One of the first is registering yourself as self-employed with HMRC, Nicola Roby, Director at CHW Small Business Accountants Bolton explains how.


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