VAT & CIS

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VAT & CIS

VAT & CIS

Whether you’re a business owner, a property developer, or a charity, our VAT expert’s aim is always to help you reduce the burden of dealing with VAT.We have helped businesses with registering for VAT, advice on avoiding penalties

Service Description

Dealing with VAT is way more than just VAT returns.

Our VAT services include:

·        Advice on whether to register for VAT

·        Obtaining a VAT registration

·        Determining the most beneficial method of VAT accounting

·        On-going VAT compliance services

·        Preparation and submission of VAT returns to local tax authorities

·        Advice on unusual transactions, reliefs available and/or planning opportunities

·        Intrastat and EC sales reporting

·        VAT planning and advice in connection with complex transactions

·        Liaison with tax authorities in connection with compliance visits and disputes

·        Deregistration

·        Reclaim of VAT incurred in territories other than those where an entity is registered

Construction Industry Scheme (CIS), contractors deduct money from a subcontractors payment and transfer it to HMRC. These deductions and subsequent transfer of same to HMRC counts as advance payment towards subcontractors Income Tax & National Insurance. Contractor must register for the CIS. Subcontractors do not have to register, however Contractor should deduct money at higher rate if Subcontractor is not registered with HMRC.