Prime can advise which VAT scheme is applicable and whether it is necessary or advantageous to become VAT registered. Prime are also able to complete the registration on behalf of clients and take care of the necessary preparation and filing of VAT returns on an ongoing basis if required.
The current VAT threshold is £85,000. Once your turnover reaches £85,000 in any rolling twelve month period you must register for VAT. Whilst your turnover is under this threshold, VAT registration remains optional, but would enable you to reclaim any input VAT incurred.
The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of HMRC call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay more VAT than you need to. We can provide you with a cost effective VAT service.
A professional and friendly company who go to great limits to understand our business, needs and aspirations whilst at the same time providing an invaluable service to our organisation"
Feedback from a Prime client as part of our client satisfaction survey 2015