VAT & Bookkeeping
If you are VAT registered you have to submit VAT reuturns.
VAT registration is compulsory if your turnover is above £85,000. You can voluntarily sign up for VAT if you require.
If you have any queries please contact us.
If you are VAT registered you have to charge VAT on all sales you do. You can however claim back any VAT you pay out in the period of your return. The balance is what you pay out.
Make Tax Digital
Making Tax Digital (MTD) for VAT makes it madatory for VAT-registered businesses above the £85,000 threshold to keep records and submit VAT returns digitally using compatible software,
Carty & Co use the latest software to make this as stress free as possible and will keep you compliant.