If you’re just starting your business, we can help you determine whether you need to be VAT registered from the beginning. Our team will continue to monitor your situation, ensuring that if it becomes necessary for you to register for VAT, we can handle all the paperwork on your behalf. As a VAT-registered business, you’ll be required to both charge and pay VAT, ideally keeping these amounts balanced.
If your VAT charged is less than what you've paid, you’ll need to pay the difference. Conversely, if you’ve paid more VAT than you've collected, you can claim a refund for the excess.
The key to successful VAT management is maintaining meticulous records. This practice ensures that you’re paying the correct amount of VAT and not overpaying.
The amount of VAT you need to charge depends entirely on the products or services you are selling. While some items are completely exempt from VAT, others may qualify for a reduced rate. Most products and services are subject to the standard VAT rate of 20%.
If you're uncertain about how VAT applies to your offerings, seeking assistance from a dedicated accountant is a wise choice. A professional accountant can provide you with peace of mind by ensuring that all your VAT affairs are handled correctly. They will also help to minimize your VAT payments, potentially saving you more money than you might expect.
At RRDigitax Accountants, we can prepare your VAT return using your own bookkeeping records or manage your record-keeping and VAT return entirely. Our goal is to help you claim as much VAT as possible, especially on contentious items such as mixed-use expenditure and motor running costs.
At RRDigitax, we provide comprehensive support for all your VAT needs, allowing you to focus on what you do best: running your business. Our team will assist you in properly registering for VAT and submitting regular, accurate returns online.
Once we handle these details, you can concentrate on growing your business without the added stress of VAT compliance. Let our experts take care of the intricacies for you.
At RRDigitax Accounting, our audit methodology emphasizes a thorough and efficient approach to audit and risk management. We understand that your annual audit should extend beyond mere compliance; it should deliver real value to your business.
Our auditor partners are dedicated to providing insights and recommendations that go beyond the standard audit process. We view the audit as a valuable opportunity to assess your business’s financial performance critically and to suggest improvements in internal controls. This proactive approach ensures that you receive the best value for your investment, both now and in the future.
Extremely informative and supportive. Addressed all my questions regarding account reviews.
Dhm By Isang Ltd
I am very pleased with RRDigitax's services. They provide excellent support with payroll, tax returns, VAT, and more. Account Plus consistently delivers, and it's a company with great guidance. I highly recommend them to anyone facing accounting challenges. Be sure to reach out to them!
Manuel Pedro Da Costa
I have relied on Ali as my accountant for many years, and he consistently provides excellent advice and prompt service. He has also assisted my daughter in becoming a sole trader and manages her accounts.
Alan Shaw
Outstanding, dependable, and professional service!
Wendy Denny
Fantastic service! Faisal and the team provide truly tailored support. I thoroughly enjoy working with RRDigitax.
Jas Rai