VAT Accounting

Businesses are required to register for VAT once they exceed the VAT threshold. Businesses are obliged to submit their VAT returns to HMRC and maintain their VAT accounting records and non compliance could result significant fines by HMRC.

There are different types of VAT accounting. These are Standard VAT accounting, Flat rate scheme, Annual and Cash accounting scheme. At Hamlet Accountants, we have a team expertise on VAT accounting will assess your businesses and help you to choose the right VAT scheme suitable for your businesses. We will prepare your VAT returns, review returns carefully to avoid any mistakes and submit to HMRC on due time.