Thomas & Co Accounting Services

VAT

Accountants in Greater Manchester

VAT

We are your VAT guide, navigating you through the constantly changing regulations and ensuring your obligations are met.

dillon brennan
dillon brennan
04/12/2022
Very professional would definitely recommend
ASTARCLEANS LTD
ASTARCLEANS LTD
02/11/2022
Fantastic accountants ! Highly recommend . Aftercare is always there from Josh and James and worth every penny of their services . Thank you both
Darren Smith
Darren Smith
23/10/2022
I was having an issue with hmrc from a previous accountant. Josh sorted the issue very quickly and I would recommend his services to anybody.
James Vogle
James Vogle
21/10/2022
this accountancy firm changed my life - Josh and his team are absolute workhorses - no more 3 weeks for a response from my old accountant! Finally someone that helps me understand my business and my finances so I feel on track all the time rather than panicking at end of year!
Primo Sports
Primo Sports
21/10/2022
Josh has been our accountant for the past few months and he has changed the way we have done things in terms of financials. Learning from mistakes we’ve made in our first 2 years in business highlighting all the places where we could of improved over that time. Made our lives 10x easier. Highly recommend 👍🏼
Scott Walker
Scott Walker
21/10/2022
Josh deals with my personal tax and both of my businesses and professional from the outset, he is very knowledgeable, and always at the other end of the phone when needed.
elliot fish
elliot fish
21/10/2022
Absolutley amazing customer service and really helpful! Highly reccommend
Naomi Bolt
Naomi Bolt
15/08/2022
It has been a pleasure working with James! He’s made this process smooth and put my mind at ease by thoroughly explaining everything I needed to know. All communication is given in a timely manner and I feel comfortable to reach out if I need further explanation. Great for small businesses/freelancers, I would highly recommend!
Tom Brennan
Tom Brennan
19/07/2022
Great service & business to work with. Wouldn't take my accountancy requirements anywhere else.
Adam Rowlands
Adam Rowlands
02/07/2022
Josh has been my accountant for years, he is a great guy and always goes the extra mile, don't know what I would do without him. Thanks for everything!

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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