VAT Gwent : Green & Co

VAT

If your business is VAT registered, then you must charge VAT on all your taxable sales (‘output VAT’). You are also entitled to claim back most of the VAT that you are charged by your suppliers (‘input VAT’). Standard VAT of 20% applies to the majority of goods and services.

Green & Co can help you reclaim your input VAT, and provide assistance with:

VAT registration

Whether you are over the VAT threshold and need to register for VAT, or are considering registering even though you are under the threshold in order to boost your profits and give your business the appearance of being bigger, we can take on the administration of this for you.

Record keeping

We will advise you on the records you need to keep, helping you stay on top of your tax points (the date a transaction takes place for VAT purposes) so that your transactions are allocated to the correct VAT period and VAT return.

VAT returns

We keep records of your income and expenditure throughout the year, accounting for VAT, and also submit your VAT returns when necessary. These provide you with a summary of your VAT for that period.
We can assist you in ensuring that the many VAT implications that arise with the sale of properties, construction of new builds and barn conversions are dealt with effectively and professionally, along with issues relating to single and multiple dwellings and the option to tax.

VAT is a notoriously complex area, but our VAT experts are always happy to help with any question you may have.

We can also provide advice on other areas of VAT, including:

Please contact us to discuss your VAT queries.

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