VAT is often one of the most complex and time-consuming areas of business finance. The rules change regularly, and mistakes can lead to penalties, unwanted attention from HMRC and unnecessary costs.

We help businesses navigate VAT with confidence. Whether you need advice on registration, help preparing accurate returns or guidance on more complex VAT issues, we make sure you stay compliant and avoid surprises.

You’ll have clarity on the numbers that matter from people who understand the detail – and explain it in plain English.

When Do You Need to Register for VAT?

You must register for VAT if your business’s taxable turnover exceeds the VAT registration threshold (currently £90,000 in a rolling 12-month period). You can also choose to register voluntarily if it suits your business – we can advise on that.

Once registered, you’ll need to charge VAT on your taxable sales, submit regular VAT returns and pay any VAT owed to HMRC.

What Does VAT Apply To?

VAT typically applies to most goods and services sold by VAT-registered businesses within the UK. This includes:

• Sales of goods and services
• Hire or loan of goods
• Commission
• Business assets sold
• Items sold to staff (such as canteen meals)
• Goods exchanged as part-payment
• Construction services and property transactions
• Imports and exports (with additional complexities for cross-border trade)

VAT rates vary depending on the nature of the goods or services – standard rate, reduced rate, zero-rated or exempt. We’ll help you understand what applies to your business.

How We Can Help

Our VAT services are designed to keep things simple and accurate. We can take care of everything for you or provide support where it’s needed most.

• VAT registration
  Advising on when to register and managing the process for you.
• VAT return preparation and submission
  Preparing accurate VAT returns and filing them on time with HMRC, in line with Making Tax Digital (MTD) requirements.
• VAT scheme advice
  Helping you choose the most suitable scheme for your business, including Flat Rate, Cash Accounting and others.
• Managing VAT inspections and enquiries
  Supporting you through HMRC reviews, audits or disputes with clear advice and assistance.
• General VAT advice
  Guidance on the VAT treatment of specific transactions, property or other complex areas.

Why This Matters

VAT mistakes can be costly. By working with Lewis & Co, you’ll have experienced accountants managing the process, minimising stress and giving you confidence that everything is handled properly. We help you stay compliant, efficient and ahead of changes in VAT legislation, so you can focus on running your business.

Need help with VAT? Contact Lewis & Co today.