VAT Services

Comprehensive VAT Services

CBM Accounting provides end-to-end VAT services for UK businesses. From initial VAT registration and scheme selection to quarterly returns and MTD-compliant digital submissions, we ensure your VAT affairs are managed accurately and efficiently.

VAT can be one of the most complex areas of UK taxation, with different schemes, rates, and exemptions applying to different industries. Our experienced team navigates these complexities for you, ensuring you always claim the right amount and pay the correct liability.

Our VAT Services Include

• VAT registration and deregistration with HMRC
• VAT scheme selection (Standard, Flat Rate, Cash Accounting, Annual)
• Quarterly and monthly VAT return preparation and filing
• MTD for VAT digital submissions via compatible software
• EC Sales Lists and Intrastat reporting
• Import and export VAT guidance (post-Brexit)
• Partial exemption calculations
• VAT inspections and HMRC enquiry support
• VAT recovery on bad debts
• Reverse charge mechanism advice (construction, etc.)

VAT Thresholds & Rates

The current UK VAT registration threshold is £90,000. Businesses exceeding this turnover in any rolling 12-month period must register. The standard rate is 20%, with a reduced rate of 5% for certain goods/services and a zero rate for essential items. Our team monitors your turnover and advises on the optimal time to register.

Why Choose CBM for VAT?

VAT errors can result in significant penalties and interest charges from HMRC. We apply rigorous checks to every return, reconcile your VAT records against your accounts, and proactively advise on the most beneficial scheme for your business type.