VAT

VAT

Navigating the UK’s VAT regime requires precision, especially with HMRC’s Making Tax Digital (MTD) mandates now applying to all VAT-registered businesses (including those below the £85,000 threshold). FMY Accountants ensures seamless compliance by implementing MTD-compatible software (e.g., Xero, QuickBooks) to automate VAT calculations, digital record-keeping, and quarterly submissions. We manage everything from registration to complex scenarios like partial exemption calculations, reverse charges, and cross-border transactions under the EU’s OSS/IOSS schemes for digital services. With recent changes like the reinstated 20% standard rate for hospitality (April 2023) and tightened rules for online marketplaces, our experts keep your business ahead of evolving regulations.

Dispute resolution? We challenge HMRC assessments, prepare VAT appeals, and recover overpaid VAT through retrospective claims. Our audits identify recoverable input tax and ensure compliance in high-risk areas like hospitality or property.