Simplify VAT Compliance with XPRO Accounts Outsourcing
The UK VAT landscape is ever-evolving, and with the introduction of Making Tax Digital (MTD), businesses and agents alike face new challenges in meeting compliance requirements. Whether you’re providing MTD for VAT services or seeking additional support, XPRO Accounts Outsourcing is here to help.
Why Choose XPRO Accounts Outsourcing for VAT Services?
- Accurate VAT Returns: We ensure your clients pay only what they owe, avoiding overpayments or errors.
- Expert Handling of VAT Inspections: Our team represents you in all aspects of VAT inspections, relieving you of the stress and ensuring smooth audits.
- Routine VAT Compliance: We diligently meet routine VAT requirements, providing peace of mind for your business operations.
What We Cover in a VAT Return
A VAT return records essential details for the financial period, including:
- Total Sales and Purchases: Accurate reporting of all transactions.
- VAT Payable: The amount owed to HMRC.
- VAT Refundable: The VAT you can reclaim.
- Refund Amount: The net VAT refund from HMRC.
Documents Required for VAT Services
To ensure accurate and efficient VAT return preparation, clients need to provide:
- Sales, Purchase, and Expense Invoices
- Bank Statements
- Credit Card Statements
- Cashbooks
Our Deliverables
With XPRO Accounts Outsourcing, you can expect:
- Comprehensive VAT Returns: Prepared with precision and submitted on time.
- Accurate VAT Calculations: Ensuring compliance with HMRC requirements.