VAT Services

Value Added Tax (VAT) is a complex tax affecting businesses in the UK and the EU. VAT is a type of consumption tax placed on a product whenever the value is added either at a stage of production or at the point of retail sale. It is the responsibility of the taxpayer to ensure they are accounting for the right tax at the right time. Inspections are conducted at varying intervals by HMRC, identifying an unpaid VAT error can raise an assessment, leading back four years or more with interest and penalties.

Whether you are a business owner, property owner, entrepreneur, self-employed person, or a company director, we have tax accountants with the exact expertise that you require. By ensuring every client is partnered with a personal tax accountant, we make sure our approach is personal and tailored to your individual needs ensuring you are able to protect your wealth and account for your tax accurately.

Monthly VAT Returns

All the VAT registered companies are required to file a periodic VAT return. VAT returns calculate how much VAT is to be paid to or reimbursed by HMRC. VAT returns are submitted every three months, known as ‘accounting period’. In that period, all taxable transactions which took place are reported and any VAT liability or refund is calculated.

Our Services

VAT Advice

OAS helps you avoid any penalties for the inaccurate mistakes. We review your current process, practices, and procedures. Availing a Health check service is to demonstrate to HMRC that you take care when considering VAT. OAS guides you throughout the process to ensure all the necessary steps are taken care of.

The VAT Health check will include the following:

  • PReview and sample check your records
  • PSample test the most common errors
  • PStatistically analyses VAT returns
  • PSample check the completion of VAT returns
  • PCompare your VAT returns against your annual accounts
  • PCheck the VAT treatment of your sales
  • PAnalysing your business against relevant VAT schemes
  • PEnsure you are correctly applying the rules of VAT schemes
  • PVAT planning opportunities

VAT Planning

Worried about a VAT Inspection?
Need help to beat the VATman?

Compliance with VAT is becoming ever more complex. Investigations from the VATman can be intense – all the more important that you have an accountant who is successful in negotiations with them.

We take best advantage of the reliefs available and the interpretation of the regulations. This is an extremely important feature of the service provided as it ensures peace of mind for all our clients.

We can help you with VAT in the following ways:

  • PApplying for and advice on VAT registration
  • PAdvice on the VAT schemes suitable to your business
  • PCompletion of VAT returns – either from your books or we can do the bookkeeping for you. By letting us complete your VAT return it ensures that it will be accurate and that you don’t miss any opportunities to claim the VAT you should
  • PDealing with any contentious disputes that arise with Customs

VAT Registration

We understand how tiring the registration procedure can be therefore we can register you for VAT with HMRC. We will carry out all the checks and make sure you are registered quickly. OAS will also assess if you need to be registered under a specific VAT scheme or if a scheme is beneficial to your situation. Our VAT registration is a sign of trust between clients and vendors which increases credibility. Being VAT registered through OAS can help businesses save over-heads by claiming back paid VAT, which can be injected into other operations.

Our Services:

  • PVAT registration forms
  • PVAT schemes suitable for your business
  • PVAT Returns and training
  • PVAT planning
  • PDealing with any contentious disputes
  • PAttendance at VAT inspections