Filing VAT Return & VAT Compliance - We can help | AJN Accountants
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Call: 020 3866 8951

Filing Your VAT Return

It is also possible for your business to claim VAT relief on expenses, in a similar way to claiming tax relief. This helps to keep your VAT liability to a minimum.

At AJN Accountants we work hard to ensure that your business pays the least VAT possible and adheres to all necessary deadlines.

A VAT registered business:

  • Must charge VAT on all products and services
  • Can claim back VAT on some expenses
  • Is responsible to file a VAT return every quarter, by the deadline
  • Needs to pay across the VAT balance every quarter, by the deadline

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The VAT Flat Rate Scheme

As specialist contractor accountants, many of our clients use the VAT Flat Rate Scheme. This is available to small business owners and freelancers too, however it is particularly popular with contractors.

The Flat Rate Scheme simplifies reporting and means you can in fact earn extra income from being VAT registered.

It enables your business to pay a flat rate of VAT to HMRC, depending on your industry, rather than paying the standard rate of VAT of 20%.

The lower flat rate of VAT means you aren’t able to claim VAT back on expenses, except for capital items over £2,000. However, due to the lower rates, it typically works out more effective, simpler and easier to manage.

If your business buys a lot of stock though, then the VAT Flat Rate Scheme may not be the best option.

Benefits of the Flat Rate Scheme:

  • Less cumbersome to manage
  • Lower rates of VAT, per industry
  • Expenses don’t need to be recorded for the VAT return
  • You get to keep some of the VAT you charge your customers
  • Online accounting software takes care of the calculation ready for filing your VAT return

VAT registration

It is essential to keep a close check on your business income when it gets close to the VAT threshold. Once the threshold is exceeded, or if you know with certainty that your income is going to pass the threshold, then it is important to start the process of registration.

At AJN Accountants we work hard to ensure that your business pays the least VAT possible and adheres to all necessary deadlines.

Just select which of our packages suits you and we can get started.


COMPLIANCE
from
£80 per month excluding VAT
  • Use our 7-day a week service
  • Dedicated Accountant
  • Access FREE Online Accounting Software
  • Time-Saving Toolkit
  • End-of-year financial accounts
  • Specialist Sector Compliance Review
  • Business Tax Return
  • Specialist Business Tax Planning Review
  • Quarterly VAT Review
  • Filing your VAT Return
  • Confirmation Statement

  • Ideal For:
    Contractors & Locums with a limited company
    If you prefer to take control of the admin side of your businessIf you are starting a contract alongside P45 income
Best Value

PREMIUM
from
£150 per month excluding VAT
  • Use our 7-day a week service
  • Dedicated Accountant
  • Access FREE Online Accounting Software
  • Access extra facilities with Receipt Bank
  • Time-Saving Toolkit
  • End-of-year financial accounts
  • Specialist Sector Compliance Review
  • Business Tax Return
  • Specialist Business Tax Planning Review
  • Personal Tax Return
  • Specialist Personal Tax Planning Review
  • Quarterly Bookkeeping Review
  • Quarterly VAT Review
  • Filing your VAT Return
  • Quarterly Management Accounts
  • Make better Business decisions
  • Quarterly Tax Planning Review
  • Maximise use of available tax breaks
  • Tax-Wise Insurance, included
  • Protection against the costs of a HMRC inspection
  • Monthly Payroll Service x 2
  • Limited Company Extras: Registered Office
  • Contractor Extras: Unlimited Reference Letters + FREE first IR35 Contract Review + FREE VAT & PAYE Registration
  • New Business Extras: FREE Company Formation + FREE VAT & PAYE Registration + Set up of Bank Account Meeting
  • Confirmation Statement

  • Ideal For:
    Contractors & Locums with a limited company
    If you are looking for the complete package and want to maximise tax savings
Most Popular

PROFESSIONAL
from
£100 per month excluding VAT
  • Use our 7-day a week service
  • Dedicated Accountant
  • Access FREE Online Accounting Software
  • Time-Saving Toolkit
  • End-of-year financial accounts
  • Specialist Sector Compliance Review
  • Business Tax Return
  • Specialist Business Tax Planning Review
  • Personal Tax Return
  • Specialist Personal Tax Planning Review
  • Quarterly Bookkeeping Review
  • Quarterly VAT Review
  • Filing your VAT Return
  • Quarterly Management Accounts
  • Make better Business decisions
  • Available as Add-On
  • Available as Add-On
  • Monthly Payroll Service x 1
  • Limited Company Extras: Registered Office
  • Contractor Extras: Reference Letters X1 + FREE first IR35 Contract Review
  • New Business Extras: FREE VAT & PAYE Registration + Set up of Bank Account Meeting
  • Confirmation Statement

  • Ideal For:
    Contractors & Locums with a limited company
    If you are looking for a more comprehensive service than the "Compliance" package

    Our most popular package
SMALL BUSINESS & SELF-EMPLOYED
 
 BESPOKE   excluding VAT
  • Use our 7-day a week service
  • Dedicated Accountant
  • Access FREE Online Accounting Software
  • Time-Saving Toolkit
  • End-of-year financial accounts
  • Specialist Sector Compliance Review
  • Business Tax Return
  • Specialist Business Tax Planning Review
  • Personal Tax Return
  • Specialist Personal Tax Planning Review
  • Quarterly Bookkeeping Review
  • Quarterly VAT Review
  • Filing your VAT Return
  • Quarterly Management Accounts
  • Available as Add-On
  • Available as Add-On
  • Available as Add-On
  • Confirmation Statement

  • Ideal For:
    Small businesses, sole traders, freelancers

    The packages are bespoke to suit your own requirements.
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