"London 1st have pure professionalism, friendliness and helpfulness when dealing with my company accounts and tax, it has been sheer bliss"- Tom Lehner
VAT
If you are unsure if you should be VAT registered or are still deciding whether you should apply for the Standard VAT scheme or the Flat Rate VAT scheme, the following should assist in highlighting main the differences between the two schemes.
Choosing which scheme will best suit your business depends mainly on your type of business and how much you buy from suppliers. To make the best decision, you firstly need to understand how the respective schemes work: To read more…
If you would like help on deciding which VAT would best suit your business, please feel free to contact our trained consultants.
At London 1st we are able to complete your VAT return. You will need to provide us with the relevant Income and Expense records for the period together with the VAT Return form sent to you by HM Customs and Revenue. You have 1 month after the VAT period ends in which to submit your return so ensure that you send us your records on time to avoid a penalty. Price of this service starts from £75 depending on the volume of work required.