VAT.
You didn't start a business to chase VAT returns. Working out when to register, what to charge, and which scheme suits you takes time you don't have, and getting it wrong is expensive. At Newton & Co, we handle your VAT registration and returns for you, so you can get on with the business.
Registered, filed, and off your desk. One less deadline to remember.
Once your turnover's over £90,000 you have to register for VAT, and after that there's a return due every quarter, on time, every time. We work out when you need to register, get you set up, and file your returns for you, so nothing gets missed.
If the flat rate scheme (a simpler way of working out what you owe, based on a set percentage of your turnover) would save you time or money, we'll tell you. If it wouldn't, we'll say that too.
What we handle for you.
Everything below is included, so VAT stops being something you have to think about.
We work out when you need to register and deal with HMRC on your behalf.
Calculated properly and submitted before the deadline, every time.
We'll tell you honestly whether it suits your business, not just sign you up.
Making Tax Digital for VAT (the rules that mean your VAT records have to be kept digitally) handled as standard.
Someone experienced looking over your return before it goes anywhere near HMRC.
VAT rules change. With Newton & Co, you won't be the one keeping track.
A VAT mistake can mean a nasty bill later, and HMRC don't send a warning first. You'll deal with a director, we'll explain what we're doing and why, and we'll pick up the phone when you call.
You deal with a director
Direct contact, every time.
We catch the mistakes that cost you
Careful checking before anything's submitted.
Simple to start, simple to stay on top of.
Tell us about your business and where you're at with VAT.
If you need to be, we'll deal with HMRC directly.
You check the figures, we submit them.
We'll flag anything changing before it catches you out.
Things people ask.
Can't see yours? and we'll happily talk it through.
Do I actually need to register for VAT?
You must register once your VAT taxable turnover goes over £90,000 in a rolling 12-month period. We'll keep an eye on this for you and tell you before it becomes a problem, or you can register voluntarily earlier if it suits your business.
What's the flat rate scheme, and is it worth it?
It's a simpler way of working out your VAT bill, a fixed percentage of your turnover instead of tracking VAT on every purchase. It suits some businesses and not others, and it's generally only open to businesses with turnover of £150,000 or less. We'll look at your numbers and tell you straight whether it's worth it.
How often do I need to file a return?
Most businesses file quarterly. We'll confirm your dates once you're registered and make sure nothing's ever late.
What if I've already registered and just need help with returns?
That's fine, we can pick things up from wherever you're at.
How much does it cost?
It depends on how your business is set up and how much work's involved each quarter. We'll be straight with you about what's involved, and what it'll cost, before anything starts.
We look after VAT for businesses in Jarrow, South Tyneside, Newcastle and the wider North East, remotely across the UK, and for people running businesses from overseas.
Let's take VAT off your plate.
Have a quick chat and we'll tell you exactly where you stand.
Prefer a call back?
Leave your details and we'll ring you at a time that suits.