VAT Returns

VAT Returns

Checking and identifying that all the VAT stuffs are properly recorded, declared correct output VAT and claimed correct input VAT is monotonous work for accountancy practices. Accountancy practices generally have in-house bookkeepers or practice managers who prepare VAT returns for clients.

Being experienced in-house bookkeepers or practices managers, they should have to focus on tax planning and client relationship building up rather than doing monotonous and time consuming task like preparation of VAT return. They are not able to focus more on the expansion of their client portfolio.

Accounts Bytes team, work as your dedicated bookkeepers, who are expertise in preparation of VAT return tasks and expertise in software like XERO, QuickBooks, FreeAgent, Sage, and many more.

Accounts Bytes team is fully equipped with Making Tax Digital (MTD) compliance procedure and use MTD compliant software.

VAT Work Involves:

  • Invoice posting from Receipt Bank, Hubdoc, Auto Entry
  • Prepare VAT Calculation Sheet
  • Confirm VAT Liability
  • MTD compliance
  • Prepare VAT calculations into spreadsheet, if require
  • Check proper output VAT declared / Input VAT claimed in either spreadsheet or software like XERO/QB
  • Review Correctness of VAT Return
  • Filling of VAT Return

What you need to provide:

  • Sales Invoices / Purchase & Expenses Invoices / Bank Statements / C.C. Statements, Cash transactions, Payroll Data
  • Access of Receipt Bank, HubDoc, AutoEntry
  • Fill up our Checklist for one time necessary information about client to prepare VAT Returns

Will provide you with:

  • VAT Return
  • VAT Calculation spreadsheet
  • Analysis of purchases

Software Expertise:

Our team is expertise in below common VAT return software. If you are using different software, our team will be converse with it as well with a little bit of training on it.

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