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

 


 

Need some help?

Learn more >

Want more great content?
Sign up to our newsletter

    Follow us

    Tweets by @CHW-accounting

    CHW-Accounting
    @chw-accounting


    Twitter: chw_accounting

    Want a chat?

    Do you have a challenge you require help with? Let's have a chat and find out how we can help.

    Get in touch >

    YOUR CHALLENGES

    No matter what your challenge is, we’ve probably dealt with it before.



    Need an Accountant?

    Get in touch >


    Need an Accountant?

    Get in touch >


    Tax issues?

    Find out more >


    Tax issues?

    Find out more >


    Trying to grow your business?

    We can help >


    Trying to grow your business?

    We can help >


    Managing cashflow?

    We can help >


    Managing cashflow?

    We can help >


    Starting a business?

    We can help >


    Starting a business?

    We can help >


    Looking for funding?

    Need help with funding? >


    Looking for funding?

    Need help with funding? >


    Buying or selling a business?

    We can help >


    Buying or selling a business?

    We can help >


    Adopt the cloud?

    We can help >


    Adopt the cloud?

    We can help >


    What else can we do for you?

    We can help >


    What else can we do for you?

    We can help >

    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…

    G F Penningtons Office Furniture Ltd - Marie Pennington, Managing Director

    View our testimonials >

    WHAT'S THE NEWS?

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

    8 March 2022

    Temporary reduced VAT rate for leisure and hospitality to...

    by

    On 8 July 2020, as an urgent response to the pandemic, the government announced a number of VAT measures including a temporary reduction of the VAT…


    Read more >

    1 March 2022

    National Minimum and National Living Wage changes April 2022

    by

    From 1 April 2022, the government is increasing but the National Minimum and National Living Wage rates. The National Minimum Wage is the minimum amount an…


    Read more >

    22 February 2022

    Dividend taxes to rise from 6 April 2022 –...

    by

    The government has confirmed that it will not be backing down on the planned hike in National Insurance (NI) and dividend tax from April 2022. There…


    Read more >

    10 January 2022

    Late filing and late payment penalties are to be...

    by

    HMRC has given self-assessment taxpayers more time to ease COVID-19 pressures. With the self-assessment deadline less than three weeks away, many individuals and agents will be…


    Read more >

    7 January 2022

    Making tax digital for VAT – April 2022 –...

    by

    Since 1 April 2019, VAT-registered businesses with a turnover above the VAT registration threshold of £85,000 have been required to keep their records digitally and provide…


    Read more >

    CONTACT US

    Get in touch, no hard sell, just a brew, a biscuit and a chat.