Did you know that there are a number of VAT schemes available and that you can opt to register voluntarily for VAT?
At C & M Services, we can discuss this with you to see what your business requirements are and how they can be best met. We can also complete the initial registration form for you and then file your VAT returns on line.
If we already do your book keeping for you, the VAT returns can be done very quickly and with minimum of cost.
Also remember that there are penalties for filing late, incomplete or inaccurate returns.
The National Audit Office issued a press release on 13/12/06 which stated the following:
(The) "VAT compliance rate has stabilised at 85%."
"In October 2006, there were 230,000 cases where the department has charged an estimate of VAT because the return is overdue."
