If your annual turnover exceeds the current VAT threshold you need to register your business with HMRC for VAT and submit your returns quarterly.
LCS will ensure that your accurate returns are filed with HMRC on time in order to avoid late filing penalties.
For each accounting period we will calculate:
- The VAT you charged on sales
- The VAT you paid on purchases
- The VAT amount you owe or the VAT amount you’re able reclaim