Bookkeeping / VAT Returns And VAT Margin Scheme
Services
Bookkeeping and VAT returns
Reliable Bookkeeping and VAT Return Services for Your Business
Managing your finances accurately is essential for the growth and success of any business. Our professional bookkeeping and VAT return services ensure your financial records stay organised, compliant, and ready for tax reporting.
We support small businesses, startups, sole traders, and limited companies with accurate bookkeeping and timely VAT submissions so you can focus on running your business.
Professional Bookkeeping Services
Keeping your books updated is crucial for understanding your financial health and meeting regulatory requirements. Our experienced accountants provide efficient and reliable bookkeeping services tailored to your business needs.
Our bookkeeping services include:
Recording daily financial transactions
Sales and purchase ledger management
Bank and credit card reconciliations
Expense tracking and categorisation
Payroll data coordination
Monthly or quarterly financial reports
Cash flow monitoring
Preparation of financial data for tax returns
With accurate bookkeeping, you gain clear insights into your business performance and can make informed financial decisions.
VAT Return Services
VAT regulations can be complex, and incorrect submissions can lead to penalties. Our expert VAT specialists help ensure your VAT returns are prepared accurately and submitted on time in compliance with HMRC regulations.
Our VAT services include:
VAT registration and deregistration
VAT return preparation and submission
Making Tax Digital (MTD) compliant filing
VAT reconciliation and adjustments
Advice on VAT schemes suitable for your business
VAT investigations and HMRC correspondence support
We make sure your VAT records are maintained correctly and that your returns are filed efficiently to avoid errors and penalties.
Making Tax Digital (MTD) Compliant
The UK government’s Making Tax Digital (MTD) initiative requires businesses to keep digital records and submit VAT returns through approved software. We help businesses stay fully compliant by managing digital bookkeeping and VAT submissions using modern accounting software.
Who We Work With
We provide bookkeeping and VAT return services for:
Small businesses
Startups
Sole traders
Limited companies
Contractors and freelancers
E-commerce businesses
No matter the size of your business, we provide personalised accounting solutions to meet your financial needs.
Why Choose Our Bookkeeping & VAT Services?
Experienced and qualified accountants
Accurate and timely bookkeeping
Full compliance with UK tax regulations
Transparent and affordable pricing
Dedicated support for your business
Use of modern cloud accounting software
We aim to simplify your finances and help your business remain compliant and financially organised.
Get Expert Bookkeeping & VAT Support
If you need reliable bookkeeping or VAT return services, our experienced accountants are ready to help. We provide professional financial management solutions that keep your business compliant and running smoothly.
Contact us today to learn how our bookkeeping and VAT services can support your business.
We also Specialise in VAT Margin Schemes
VAT margin schemes tax the difference between what you paid for an item and what you sold it for, rather than the full selling price.
Expert VAT Margin Scheme Services
Are you selling second-hand goods, antiques, works of art, or collectors’ items? You could significantly reduce the VAT you pay by using the VAT Margin Scheme.
Instead of paying VAT on the full selling price, the Margin Scheme allows you to pay VAT only on the profit margin — the difference between what you paid for the item and what you sold it for. This can make a real difference to your cash flow and profitability.
At Accountancy N Tax Services, we specialise in helping businesses apply the correct VAT Margin Scheme and stay fully compliant with HMRC regulations.
The Margin Scheme can be used for:
Second-hand goods
Works of art
Antiques
Collectors’ items
However, it cannot be used for:
Items purchased with VAT already charged
Precious metals
Investment gold
Precious stones
There are also special rules when dealing with:
Second-hand vehicles
Horses and ponies
Houseboats and caravans
Pawned items
High-volume, low-price goods (Global Accounting Scheme)
Auctioneers and agents
If your business trades between Northern Ireland and the EU, additional VAT rules may also apply.
Under the scheme, VAT is calculated at 16.67% (one-sixth) of the profit margin, not the full sale price — helping you optimise your tax position while remaining compliant.
Let our experienced team guide you through the rules and ensure you’re making the most of the VAT Margin Scheme.
Contact Accountancy N Tax Services – Wallington today
📞 020 7112 9098
📧 info@accountancyntax.co.uk
For more information please contact us at Accountancy N Tax Services, Wallington 020 7112 9098 or email us info@accountancyntax.co.uk
Are you ready? To Start a project
Our professionals are always available to assist you.
FAQ's
Frequently asked questions
We require physical paperwork, and we offer two options: we can collect documents from clients or they can drop them off at our offices. Additionally, we accept scanned bookkeeping documents via cloud services.
We prefer to receive paperwork on a monthly basis to ensure timely and consistent processing.
We employ a range of bookkeeping software including Sage, Xero, QuickBooks, and Microsoft Excel.
Upon identifying an error, we'll promptly get in touch, detail the mistake, and make the necessary adjustments to rectify the records accordingly.
If you're working with another bookkeeper, they may typically forward the paperwork at the year-end. While we can accommodate this arrangement, please note that handling your paperwork on a monthly basis with us tends to be more cost-efficient in the long run.
You are required to register if:
- Your total VAT taxable turnover in the last 12 months surpassed £85,000 (the VAT threshold).
- You anticipate that your turnover will exceed £85,000 in the upcoming 30 days.
- What if I surpass the VAT threshold within a 12-month period?
If your total VAT taxable turnover over the last 12 months exceeds £85,000 by the end of any month, registration is mandatory.
You must register within 30 days after surpassing the threshold. The effective registration date is the first day of the second month following the threshold crossing.
Should you realize that your annual total VAT taxable turnover will exceed the £85,000 threshold within the next 30 days, registration is required.
You must register by the end of that 30-day period. The effective registration date is the date of realization, not the date the turnover surpassed the threshold.
Registration is necessary if your sales solely consist of goods or services exempt from VAT or 'out of scope,' but you purchase goods exceeding £85,000 from EU VAT-registered suppliers for business use.
Registering late means you'll be liable to pay VAT on any sales made since the date you should have registered.
You must register if:
your total VAT taxable turnover for the last 12 months was over £85,000 (the VAT threshold)
you expect your turnover to go over £85,000 in the next 30 days
You must register if, by the end of any month, your total VAT taxable turnover for the last 12 months was over £85,000.
You have to register within 30 days of the end of the month when you went over the threshold. Your effective date of registration is the first day of the second month after you go over the thresho
You must register if you realise that your annual total VAT taxable turnover is going to go over the £85,000 threshold in the next 30 days.
You have to register by the end of that 30-day period. Your effective date of registration is the date you realised, not the date your turnover went over the threshold.
You’ll need to register if you only sell goods or services that are exempt from VAT or ‘out of scope’ but you buy goods for more than £85,000 from EU VAT-registered suppliers to use in your business.
If you register late, you must pay VAT on any sales you’ve made since the date you should have registered.
You might need to pay a penalty, depending on how much you owe and how late your registration is.
