VAT (Value Added Tax)

Many people see VAT as a burden on businesses but at Cutter & Co we aim to reduce this burden.

Many people are unaware that VAT schemes are available to assist their business and they have the potential to increase profits.

At Cutter & Co we process VAT returns on a daily basis and are well positioned to advise you on different schemes which may be beneficial to your business.

Our team can talk you through your VAT registration requirements or alternatively can complete the registration process for you.

We can also advise you on the issues regarding trading for foreign companies and the VAT requirements of doing so.

Did you know?

VAT registration is compulsory for businesses which exceed the VAT registration limit but you can voluntarily register for VAT at any point so long as you are making taxable supplies.

Any business making taxable supplies can voluntarily register for VAT irrespective of their turnover.

By becoming VAT registered, a business is able to claim back from HMRC the VAT it suffers on business expenditure.

There are many different VAT schemes such as the cash accounting scheme, flat rate scheme and margin VAT scheme which alter the way in which your VAT liability is calculated.  At Cutter & Co we can advise you on each scheme and work out which is best for your business.