Who it’s for
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Businesses nearing the threshold
If your taxable turnover is getting close to £90,000 over any rolling 12 months, you need to know exactly when registration becomes compulsory.
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VAT-registered businesses
If you already file VAT returns, we can take the quarterly routine off your hands, from record-keeping to submission.
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Businesses considering voluntary registration
Registering below the threshold can make sense if most of your customers are VAT-registered or you buy a lot of standard-rated supplies. We help you weigh it up.
Comprehensive VAT solutions
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VAT Registration Advice
We offer guidance on VAT registrations, understanding thresholds, and the benefits of voluntary registration. Our experts ensure you are registered correctly and promptly, avoiding any potential penalties.
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VAT Computations and Returns
Accurate computation and preparation of periodic VAT returns are crucial. We ensure your VAT returns are precise and submitted on time, minimising the risk of errors and fines.
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Scheme Suitability Advice
There are various VAT schemes available, such as cash accounting, annual accounting, and the flat rate scheme. We evaluate and advise on the most suitable scheme for your business, optimising your VAT management.
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Sector-Specific VAT Advice
VAT liabilities can vary significantly across different sectors, businesses, and products. We provide tailored advice on the VAT liability of your sales, ensuring compliance and efficiency in your specific industry.
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VAT Recovery Maximisation
Maximising your VAT recovery on purchases is essential. We develop strategies to enhance your VAT recovery, including negotiating partial exemption methodologies with HMRC.
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Property VAT Issues
VAT issues related to property dealings can be complex. Our experts provide guidance on property-related VAT concerns, ensuring compliance and optimal management.
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Imports and Exports VAT
Handling VAT for imports and exports, both within and outside the European Union, requires specialised knowledge. We manage these complexities, ensuring your international transactions are compliant with VAT regulations.
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HMRC Enquiries
Dealing with HMRC enquiries can be daunting. Our team provides professional support, handling all communications with HMRC on your behalf to resolve any issues promptly and effectively.
How we work
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Review your position
We look at your turnover, what you sell and how you keep records, and check whether you need to register and which scheme suits you.
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Set up digital records
Under Making Tax Digital, VAT records must be kept and returns filed with compatible software. As a Xero Platinum Partner we can set your business up on Xero and keep it running properly.
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Prepare and submit each return
We check the figures, prepare the return and submit it to HMRC before the deadline, with a clear note of what you need to pay and when.
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Deal with HMRC for you
If HMRC has questions or opens an enquiry, we handle the communications on your behalf.
What we need from you
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Sales and purchase invoices
Or access to the software you already use to record them.
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Business bank statements
For every account the business uses, so each transaction can be matched.
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Your VAT details
Your VAT registration number and your permission for us to act as your agent with HMRC.
Key dates and figures
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£90,000
Registration threshold: taxable turnover in any rolling 12-month period. You can apply to deregister if it falls below £88,000.
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30 days
Once you go over the threshold, you must register within 30 days of the end of the month in which it happened.
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1 month and 7 days
Deadline to submit a quarterly VAT return and pay, counted from the end of the VAT period.
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£150,000
Expected taxable turnover limit for joining the Flat Rate Scheme.
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£1.35 million
Expected taxable turnover limit for joining the Cash Accounting or Annual Accounting Scheme.
Figures and dates as published on GOV.UK for the 2026/27 tax year. They can change, usually at a Budget or in April.
Frequently asked questions
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Do I have to register for VAT?
You must register if your taxable turnover goes over £90,000 in a rolling 12-month period, or if you expect it to go over £90,000 in the next 30 days alone. Below that, registration is voluntary.
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What happens if a VAT return is late?
Each late return earns a penalty point. Once you reach the threshold, which is four points for quarterly returns, a £200 penalty applies, with another £200 for every further late return. Late payment penalties start if tax is still unpaid 15 days after the due date.
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Which VAT scheme is right for me?
It depends on your turnover, your margins and how your customers pay. The Flat Rate Scheme can simplify record-keeping, and Cash Accounting means you pay VAT when your customers pay you. We compare the options against your figures before you choose.
Other services
Have a question about this service?
Call 020 3417 4242 or email info@piyaaccountancy.co.uk, and we will explain what is involved and what happens next, in plain English, before you commit to anything.
