Simple and hassle free VAT reporting

The rules for VAT are constantly changing and it can be difficult for businesses without a dedicated VAT resource to keep a track of evolving HMRC interpretation, and new legislation.

If errors are made on your VAT returns you could be in for a surprise further down the line. However, there are opportunities open to companies that are able to keep on top of these changes: you may be paying too much VAT or not reclaiming enough, and therefore may be due a hefty repayment.

When should i register for vat

You must register for VAT if your VAT taxable turnover goes over £85,000 (the ‘threshold’), or you know that it will. Your VAT taxable turnover is the total of everything sold that is not VAT exempt. You can also register voluntarily.

Compulsory registration

You must register for VAT if:

• you expect your VAT taxable turnover to be more than £85,000 in the next 30-day period
• your business had a VAT taxable turnover of more than £85,000 over the last 12 months

You might also need to register in some other cases, depending on the kinds of goods or services you sell and where you sell them.

Why choose Tax Qube to act as my VAT Agent?

All this takes a lot of time and expertise, but by engaging Tax Qube to act as your authorised VAT Agent you can concentrate your energy on other areas of the business. Tax Qube has extensive experience in VAT, helping hundreds of clients to maximise their opportunities for saving through VAT.

Businesses outside the UK

There’s no threshold if neither you nor your business is based in the UK. You must register as soon as you supply any goods and services to the UK (or if you expect to in the next 30 days).

Late registration

If you register late, you must pay what you owe from when you should have registered.

Can Tax Qube help Overseas businesses?

Tax Qube’s VAT Agent service is especially useful for businesses based outside the United Kingdom. It can be difficult to liaise directly with UK VAT authorities. Tax Qube specialises in working with overseas businesses to ease their entry into the UK market, and acts as the authorised VAT Agent for a huge number of businesses based outside the UK in a wide variety of sectors.

Fiscal representation after Brexit

Currently, UK businesses trading in other EU countries are not required to appoint a fiscal representative to assist with managing their VAT registrations. However, when the UK leaves the EU on 31 December 2020, this will no longer be the case and many UK businesses will have an obligation to appoint a fiscal representative to carry on trading in lots of EU countries.

What can I expect of my VAT Agent?

Take the hassle out of managing your businesses’ VAT responsibilities. Our expert VAT team offers a full VAT Agent service for businesses with operations in the UK and across Europe. As VAT agents we can undertake either some or all of the following responsibilities on your behalf:

• VAT registrations & de-registrations
• VAT returns submissions (inclusive of checking all relevant purchase and sales invoices)
• Option to Tax applications
• Partial exemption calculations
• Attendance at HMRC visits
• VAT penalty negotiation and mitigation
• General correspondence with HMRC

How much is it?

Our processes ensure that you only pay the correct amount and claim a reduction where applicable. We offer cost-effective retainers which offer great value for money.

Please get in touch with us and tell us more about your business, we will happily agree a fixed price with you if you don’t prefer an hourly rate.