How to access and use the New Computerised Transit System (NCTS)
Check when you should use the NCTS If you are a UK trader, you should use the
value added tax
introduction
Your comprehensive VAT service
If you intend to use us for your Bookkeeping and Accounting requirements, then you don’t have to worry about VAT. We take care of it for you.
Alternatively, for a small fee, you can send us details of your receipts and expenses on one of our templates and we will complete and take care of all aspects of your VAT returns. If you are using a cloud accounting software, we can easily log in to review and submit the VAT returns for you.
We complete VAT returns in good time to ensure you avoid any penalties
we are here to help
If you are a new Start-up business, then speak to us and we can advise on:
- Review and sample check your accounting records for errors
- Sample test the most common errors that the VAT inspectors look for
- Statistically analyse your completed VAT returns
- Sample check the completion of VAT returns
- Compare your VAT returns against your annual account
- Check the VAT treatment of your sales
- Consider whether you are making best use of relevant VAT schemes
- Ensure you are correctly applying the rules of VAT schemes
- Identify VAT planning opportunities
Helping you
Interpret the Regulations
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Only takes a few minutes!
peace of mind
VAT Planning and Disputes
Compliance with VAT is becoming ever more complex. Investigations from the VATman can be intense, all the more important that you have an accountant who is successful in negotiations with them.
We take best advantage of the reliefs available and the interpretation of the regulations. This is an extremely important feature of the VAT service provided, as it ensures peace of mind for all our clients.
the benefits
We can help in the following way:
- Applying for and advice on VAT registration
- Advice on the VAT schemes suitable to your business
- Completion of VAT returns - either from your books or we can do the bookkeeping for you. By letting us complete your VAT return, it ensures accuracy and that you don't miss any opportunities to claim the VAT you should
- Dealing with VAT control visits
- Dealing with any contentious disputes that arise with Customs
getting started
VAT Registration
Need advice on whether to register for VAT? We can help with;
- Completion of the VAT registration forms and formalities.
- Identify areas of the business that give you the most opportunity to make improvements.
- Advising on the best VAT schemes to use suitable to your business - some you have to notify HMRC you are using and some you don't.
- Completion of VAT Returns or training on how to complete them
- VAT planning
- Dealing with any contentious disputes that arise with Customs
- Attendance at VAT inspections.
a few of our
Frequently Asked Questions
I just need ad-hoc business VAT advice. Do you offer this type of service?
Yes, we do offer this type of service. However, you will need complete and sign our Engagement Letter, before we can offer you advice. The Letter establishes the framework in which our relationship with you is managed.
Is VAT part of your standard service plans?
Yes, it is part of our standard Service Plans. We also offer it as an ad-hoc service.
How do you charge for your services i.e. is it a single fee or based on what I want?
It could be single, or based on your requirements, we are flexible and able to accomodate most payment options.
How simple is it to transfer my business VAT affairs over to you?
It is a lot simpler than you may think. Simply, inform your Accountant you want to move, and we will take care of the rest.
What level of advice do you offer i.e. is it to small, medium or large enterprises?
We have extensive expertise and a proven track record, working with small to medium sized enterprises.
Do you offer a free consultation to discuss my requirements?
Yes, your initial consultation will last a maximum of one hour. To ensure you get the most out of the meeting, we will prepare an Agenda, in advance, to give you a good idea of what we will be discussing. You will also have the opportunity to list any other subjects to discuss on the day.
What will we discuss at the initial consultation?
Your plans, requirements, how we can help and support you, plus the fees. We will also create an Agenda before the meeting, to ensure you get the most from our discussion.
What is the process if I decide to use your VAT service?
We need to agree the level of service, fees and carry out any anti-money laundry check. We will then need you to complete and sign our standard Engagement Letter, setting out the relationship between us.
Do you offer unlimited telephone advice as part of your standard service?
Yes, we do. We want clients to feel, they can pick up the phone at anytime, to receive the best advice, without having to worry if it is going to cost them, each time.
Do you help with HMRC investigations?
HMRC investigations can be stressful at the best of times, so we are delighted to be able to offer you this service.
Client Testimonials
Eduardo Angel Tandazo
SIMPLE THE BEST We have been with SMO and Co Chartered Certified Accountants since we founded our business 12 years. ago. SMO and Co Chartered Certified Accountants are very knowledgeable and always rise to the challenge. Their knowledge with regards to the current and upcoming changes in legislation is spot on.
Ecoserve Cleaning Ltd
Robin Burnhams
Capital Gains on sale of property. Very well done. We were very impressed with Silver He provided a friendly and helpful service keeping us informed of progress at every step of the way in a complex Capital Gains account. His dealings with HMRC were very frustrating but he dealt with them with great patience until he succeeded in completing the account.
Private Individual
Lynn Nobel
Managed all aspects of the taxation of the discretionary trust from the online registrations, dealing with the fund managers and filing the tax returns (SA900) with HMRC on time. Makes life easy for me!
The Wilkie Trust
Lance Omal
Services before anything else! Provides prompt support to the business. He has impressive knowledge of overseas tax issues including Double Taxation Agreements. An experienced Chartered Tax Adviser, Silver’s tax planning skills have generated savings.
Psyko Jackson LLP
Jackie Anena
Invaluable Accounting Expertise and Service. SMO and CO Chartered Certified Accountants and Tax Advisors have been an invaluable asset to my small business. Their support has been consistently excellent, from their timely and clear communication to their organised and efficient approach.
Three Little Birds Events Ltd
Ray Abak
An impeccable service, second to none! SMO and Co Chartered Certified Accountants and Tax Advisors is such a professional, efficient and responsive company. They are honest, transparent and strictly adhere to the regulations when dealing with the client.
Acwec Ber Ltd
Rachel Okello
Highly recommended and an excellent service.
Rogols Solicitors
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it could be the best decision you make this year
Are you;
- A new Startup business looking for the best advice.
- Unhappy with your existing Accountant and looking to change.
- Looking for an advisory service to help your business grow.
- Or need someone to look after your personal tax affairs.