VAT
Although reasonably straightforward as a concept, value added tax can quickly become onerous due to complex legislation and detailed changes to the regulations; many businesses inadvertently overpay or underpay VAT.
GMCL provides an efficient and cost effective VAT service, which includes:
- Advice on whether VAT registration is appropriate or required
- Assistance with the process of VAT registration
- Advice on VAT administration and internal systems
- Use of the most appropriate “special” schemes if applicable; including
- Annual accounting
- Cash accounting
- Flat-rate scheme
- Special schemes for retailers
- VAT control accounts and reconciliations
- Help with completing VAT returns
- Negotiating with HM Revenue&Customs in disputes