The accuracy of your financial statements heavily depends on the correct and efficient computation of VAT. If your business turnover exceeds the VAT threshold set by HMRC, you’re legally required to register for VAT and choose a suitable scheme.

At Shafi Associates, we guide you through the entire VAT process—from selecting the appropriate scheme to determining your return period (monthly, quarterly, or annually). Timely submission is crucial, as delays can lead to penalties and interest charges.

Our VAT specialists will assess your business and advise whether VAT registration is mandatory or strategically beneficial. We handle all registration formalities, including completing and submitting forms, and we’ll recommend the most suitable VAT scheme for your business needs.

We ensure your bookkeeping is carefully processed and reviewed so that all VAT your business charges or incurs is correctly accounted for. We aim to ensure you pay no more VAT than necessary, and that your returns are accurate and compliant.

Once everything is in order, we provide you with the final figures ready for submission to HMRC. We also take time to review your business circumstances and offer recommendations to optimise your VAT position.

For more information about VAT registration or VAT, please contact us on 01615322568.