VAT

The risk of getting it wrong

VAT returns

Making Tax Digital enables HMRC to launch more tax enquiries, resulting in more error spotting and subsequent fines. Because most bookkeepers are not trained and supervised, the number of errors in your VAT return is likely to be higher and you are at greater risk of incurring penalties.

Accounts

It will be too late to rely on your accountant at year-end to fix your errors. This is because HMRC are expecting quarterly VAT reporting to be accurate and the 4 quarters to match the annual accounts. Continuous checking of the books is therefore essential to avoid penalties and a huge waste of time.

To remove these risks we always check your VAT returns before submission.