VAT Returns

If you’re just starting out, we can help you decide whether you need to be VAT registered from the outset or not. We will continue to monitor your situation, so that you register for VAT when you need to and, when appropriate, we can deal with all of the paperwork for you.

In contrast, we will also monitor your position and let you know when we think you are able to and would benefit from deregistering.

Whether a new or existing business, we will also look at the VAT schemes you are eligible for and establish whether you would be better off adopting one or a mixture of them. Some VAT schemes can lead a reduction in bookkeeping responsibilities.

Magic Beans can prepare your VAT return; either from your own bookkeeping records in Xero or we can take care of your record keeping and the VAT return. And we will try to ensure that you claim as much VAT as possible, particularly on contentious items such as mixed-use expenditure and motor running costs.

As with other areas of tax, we can act as your Agent for VAT purposes and therefore correspond with HM Revenue & Customs (HMRC) on your behalf. Our software also allows us to file your VAT returns online with HMRC.