Value Added Tax (VAT) is a key part of the UK tax system, charged on most goods and services. Businesses add VAT to their sales prices, which is ultimately paid by consumers.

• Standard VAT Rate: 20%

• Reduced Rate: 5% (e.g., for some energy-saving products)

• Zero Rate: 0% (e.g., most food and children’s clothing)

At Xact+ Accountants, we provide VAT registration and filing services to ensure your business remains fully compliant with HMRC while maximizing efficiency and avoiding costly mistakes.

Who Needs to Register for VAT?

• UK-based businesses with taxable turnover exceeding £90,000 (VAT threshold) must register.

• Businesses below the threshold can register voluntarily for benefits such as reclaiming input VAT.

• Overseas businesses trading in the UK must register before commencing trade.

Why VAT Compliance Matters

✔ Avoid Penalties – Late or incorrect VAT filings can result in hefty fines.
✔ Boost Credibility – VAT registration enhances business reputation and client trust.
✔ Reclaim Input VAT – Claim back VAT on purchases and expenses.
✔ Stay HMRC Compliant – Meet all deadlines and reporting requirements with ease.

What’s Included in Our VAT Services

📌 Preparation & Submission of VAT Registration Application
📌 HMRC Confirmation & Certificate Delivery
📌 Ongoing VAT Returns & Filing (quarterly or annually)
📌 HMRC Follow-Ups – We track the status of applications and filings
📌 VAT Consultancy & Advisory – Guidance on VAT schemes, thresholds & compliance checks

Our Step-by-Step Process

➤ Select a Package – Choose between VAT registration or VAT filings packages.
➤ Application Form – Click ‘Order Now’, fill in the form, and proceed to checkout.
➤ Provide Business Details – Receive and complete our simple questionnaire via email.
➤ We Handle Submission – Our experts prepare and file your VAT registration/returns with HMRC.
➤ Confirmation – Receive your VAT Registration Number and VAT certificate from HMRC.