VAT Preparation
Value Added Tax (VAT) is a consumption tax levied on the value added to goods and services at each stage of production or distribution in the United Kingdom. VAT is one of the major sources of revenue for the UK government (HMRC) and is governed by specific regulations. It’s important to stay up to date with the latest VAT regulations and consult with a tax professional or accountant, especially for complex situations. VAT can be a complex area, and errors or non-compliance can result in penalties and financial consequences.
At ZX, we ensure that our clients’ VAT Returns are on time and prepared comprehensively so that their business scales up in no time with our efficient VAT Returns outsourcing services. Leveraging on our experts, we make sure to offer timely and efficient services to our clients. We assist our clients to have access to innovative and cost-effective solutions. Enjoy the endless benefits of outsourcing VAT Returns by acquiring our competent VAT Returns outsourcing services.
VAT Preparation
The scope of our work includes
- MTD for VAT
- Monthly/quarterly VAT return
- VAT registration
- Use of the Flat Rate Scheme
- Margin Scheme
- Prepare VAT Calculation Sheet
- Confirm VAT Liability
You’ll need to provide
- Sales/Purchase Invoices
- Bank/Credit Card Statements Or Activated Bank Feeds
Reports we provide
- VAT Summary Report
- Detailed VAT Reconciliation Report
- VAT Report