Accountants in Greater Manchester
VAT
We are your VAT guide, navigating you through the constantly changing regulations and ensuring your obligations are met.
What is VAT?
Value-added tax, also known as a goods and services tax. It is assessed based on the value added to goods and services. If the ultimate consumer of goods is a business that collects and pays VAT to HMRC on its own goods or services, the business can reclaim the tax paid.
Tips on VAT
Who needs to pay VAT?
Currently, all businesses with a taxable turnover of over £85,000 in a rolling 12 month period must register with HMRC for VAT. Both sole traders and limited companies are included in this. There are schemes available to those with turnover under £150,000, contact us for further information.
Why do I need an accountant for VAT?
We offer a value for money service that protects you from penalties. Through our consultation process we come to understand your VAT requirements, and can advise on appropriate beneficial schemes that may be available to you. Our experienced team makes sure you aren’t paying over the odds on your VAT whilst the requirements are met.
What is exempt from VAT?
It can be difficult to keep up with which goods and services are exempt from VAT and which aren’t. Thomas & Co keep up to date for you so you can concentrate on what you do best.
Saddleworth – Tameside - Greater Manchester
Why choose us as your VAT accountant?
Local service
We are your VAT accountant in Manchester.
Attention to detail
Our business is your business, so we make sure we get it right.
Approachable
We understand accounting can be daunting, we are always on hand to offer reassurance and peace of mind.
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Not Your Everyday Accountant
We are invested in you. Is there something worrying you?
Let us take away the pressure so you can focus on the bigger picture, growing your business. Got concerns about that too? Ask us, our expertise helps you plan for the future and reach your goals.
