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VAT Compliance · Accurate Filing · Expert Guidance

VAT
Accountancy
Services

Simplify your VAT obligations with our expert accountancy services. We handle VAT registration, accurate return filing, compliance with regulations, and ongoing support to ensure your business stays fully compliant while maximizing efficiency.

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100% VAT Compliance
1,000+ VAT Returns Filed
99% Filing Accuracy
On-Time Submission Guarantee
Goldsmith Tax

Expert VAT Guidance
for Every Business

VAT is one of the most frequently misunderstood and mismanaged areas of UK taxation. With ever-evolving HMRC regulations and the full roll-out of Making Tax Digital, the stakes have never been higher — and the opportunity for businesses who manage VAT strategically has never been greater.

"Our VAT specialists don't just file your returns — we map your transaction flows, identify reclaim opportunities and build a VAT strategy that actively supports your business growth."

Whether you're newly VAT-registered, managing complex partial exemptions or facing an HMRC VAT investigation, Goldsmith Tax provides the expert, proactive support your business requires.

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VAT Accounting specialists at work
£2.5M+ VAT Reclaimed for Clients
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Why It Matters

The Risks of Getting
VAT Wrong

HMRC issues millions in VAT penalties and surcharges every year. Errors in VAT returns, missed deadlines or incorrect reclaims can result in significant fines, inspections and reputational damage — all of which are entirely preventable with the right professional support.

01
Penalty Avoidance

Late or incorrect VAT returns trigger HMRC surcharges and default surcharge regimes. Our proactive approach ensures you are never exposed to avoidable penalties.

02
Maximum Reclaims

Many businesses consistently under-claim input VAT they are legally entitled to. Our detailed review of your expenditure unlocks reclaims you didn't know existed.

03
Cash Flow Management

Strategic VAT planning — including the right VAT scheme selection — can significantly improve your business cash flow and reduce your quarterly VAT liability.

Our VAT Services

Comprehensive VAT
Solutions

From initial VAT registration to complex international trade advisory, our VAT specialists provide end-to-end support across every aspect of VAT management — tailored precisely to your business.

VAT Registration & Scheme Selection

We advise on the right time to register for VAT, manage the registration process with HMRC, and select the most advantageous VAT scheme for your business — whether that's the standard, flat rate, cash accounting or annual accounting scheme.

Voluntary and compulsory registration advice
Flat Rate Scheme eligibility and profitability analysis
Cash Accounting and Annual Accounting Scheme setup
VAT group registration for qualifying businesses
Quarterly VAT Returns & Filing

Accurate, timely quarterly VAT return preparation and submission — reviewing all transactions, identifying reclaim opportunities and ensuring every return is filed correctly and on time.

Full reconciliation of purchase and sales invoices
Input VAT optimisation and reclaim maximisation
Electronic submission via MTD-compliant software
Deadline tracking and automated reminders
International VAT & Cross-Border Trade

Navigating VAT on international transactions is complex. We provide specialist advice on import/export VAT, EU trade post-Brexit, and global VAT registration obligations for businesses trading across borders.

Import VAT deferment and postponed VAT accounting
EU VAT registration and OSS scheme compliance
EC Sales Lists and Intrastat declarations
Reverse charge mechanism advisory
HMRC VAT Investigations & Disputes

Receiving an HMRC VAT enquiry or investigation notice is stressful. Our team manages the entire process — from initial correspondence to resolution — protecting your position and minimising any liability exposure.

HMRC correspondence management and representation
VAT Tribunal preparation and advocacy
Penalty mitigation and settlement negotiation
Voluntary disclosure preparation where appropriate
Partial Exemption & Capital Goods Scheme

For businesses making both taxable and exempt supplies, partial exemption calculations are critical. We ensure your partial exemption method is optimised and that Capital Goods Scheme adjustments are correctly applied.

Standard and special partial exemption method calculations
Annual partial exemption adjustment
Capital Goods Scheme tracking and adjustment
De minimis limit monitoring and reviews
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MTD
Making Tax Digital
Fully
Compliant
100% MTD Ready
Zero Penalties
Xero Certified

MTD for VAT

Making Tax Digital —
Fully Managed

Making Tax Digital for VAT is now mandatory for all VAT-registered businesses. This means digital record-keeping and submission through HMRC-approved software is no longer optional — it is a legal requirement. We manage the entire MTD process on your behalf.

Digital record-keeping setup and migration
HMRC-approved bridging software integration
Xero and QuickBooks MTD VAT submission
Full compliance audit trail maintenance
100% MTD compliance rate — zero penalties
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How We Work

Our VAT Process

From initial review to ongoing management, our structured VAT process ensures accuracy, compliance and maximum efficiency at every stage.

01
Initial VAT Review

Free assessment of your current VAT position, obligations and opportunities.

02
Strategy & Planning

We design a VAT strategy tailored to your business model, sector and growth plans.

03
MTD Setup

Digital record-keeping configured, software integrated and all systems made MTD-compliant.

04
Return Preparation

Quarterly returns prepared, reviewed and filed accurately before every deadline.

05
Ongoing Advisory

Proactive VAT updates, legislative changes and continuous optimisation of your position.

Common Questions

VAT Questions Answered

Answers to the questions our VAT clients ask most frequently — clear, straightforward and jargon-free.

When do I need to register for VAT?
You must register for VAT when your taxable turnover exceeds the VAT registration threshold (currently £90,000) in any rolling 12-month period. You can also register voluntarily below this threshold, which can be beneficial if you have significant input VAT to reclaim. We advise on the optimal time to register based on your specific circumstances.
What is Making Tax Digital and does it apply to me?
Making Tax Digital (MTD) for VAT requires all VAT-registered businesses to keep digital VAT records and submit VAT returns using HMRC-approved software. It applies to all VAT-registered businesses regardless of turnover. We manage the complete MTD setup and ongoing submission process on your behalf, ensuring full compliance.
What is the Flat Rate Scheme and is it right for my business?
The Flat Rate Scheme allows eligible small businesses to pay VAT at a fixed percentage of turnover rather than calculating actual input and output VAT. This can simplify administration and — for businesses with low input VAT — significantly reduce the amount of VAT paid. We analyse your specific business model to determine whether the Flat Rate Scheme is beneficial for you.
What happens if I submit my VAT return late or miss the VAT filing deadline?
Late VAT return submission results in a penalty under HMRC's new penalty points system. Each late submission earns a penalty point, and once you reach the threshold for your submission frequency, a £200 financial penalty applies. Further late submissions incur additional £200 penalties. We track all deadlines and ensure your returns are always filed on time.
Can I reclaim VAT on business expenses?
Yes — as a VAT-registered business you can generally reclaim input VAT on goods and services purchased for business use, provided you hold a valid VAT invoice. Certain categories — such as business entertainment and cars — have restrictions on reclaiming. Our VAT reviews are specifically designed to identify all eligible input VAT you may be entitled to reclaim but may have missed.
What should I do if I receive an HMRC VAT enquiry?
Contact us immediately. Do not respond to HMRC directly before speaking with a professional. We will review the enquiry, assess your position, manage all HMRC correspondence and represent you throughout the process. Early professional involvement almost always results in the best possible outcome — whether that is a clean bill of health or a minimised settlement.

Get Started

Speak to a VAT
Specialist Today

Whether you need VAT registration advice, are concerned about compliance, or want to ensure you're reclaiming everything you're entitled to — our specialist team is ready to help. Your first consultation is completely free.

Free initial VAT consultation — no obligation
Response within one business day, guaranteed
Fixed, transparent fees agreed upfront
ICAEW qualified VAT specialists
Full MTD compliance from day one

Request a Free VAT Review

Complete the form and a VAT specialist will contact you within 24 hours.

🔒 Confidential · No obligation · Free advice

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