VAT

A prospective client approached us, frustrated with their current accountant and bookkeepers. They suspected that transactions weren’t being processed correctly and that categorisations were inaccurate.

As part of our onboarding process, we conducted a thorough historical transaction review to identify and correct any misclassifications. Our investigation revealed that rental payments had never been categorised correctly, resulting in missed VAT claims.

Navigating the complexities of VAT can be a daunting task for any business owner. As one of the most significant areas of tax law in the UK, VAT demands a solid understanding to ensure compliance and efficient tax management. This guide will walk you through the essentials and help you tackle common VAT-related queries. If you find yourself uncertain about any aspect of VAT, remember that expert advice is just a call away.  Contact Chadwicks on: 01789 773 182

What is VAT?