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…

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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.

10 December 2018

Making Tax Digital – What are your software options?

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The biggest question many businesses have regarding Making Tax Digital is “Will my existing software work or do I need to upgrade / buy something else?”


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23 November 2018

Are HMRC Interest Charges Unfair?

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MRC have been accused of being ‘grossly unfair’ when it comes to the interest it charges on money it is owed compared to interest it pays on refunds due.


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20 November 2018

2016-17 HMRC Exclusion Errors

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HMRC have confirmed that from 19 November 2018 they will be reviewing and reworking up to 30,000 self-assessment returns for the tax year 2016/17 which were…


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19 November 2018

Why might HMRC investigate my business?

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Nicola Roby, Director at CHW Small Business Accountants in Bolton highlights some common triggers which may to lead to an HMRC tax investigation, and gives some advice about how you can reduce your likelihood of being subject to one.


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15 November 2018

Ask the experts – We answer your questions on...

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The first phase of the Making Tax Digital (MTD) initiative is drawing closer. It’s less than a year until UK businesses that are VAT registered and…


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