VAT (Value Added Tax)

What is VAT?

In short, VAT, or Value Added Tax, is a tax that is applied to the sale of goods and services. It is commonly used in many countries around the world as a means of generating revenue for the government. The tax is levied at each stage of the supply chain, from the manufacturer to the retailer, and ultimately to the end consumer.

The main purpose of VAT is to ensure that the tax burden is distributed fairly across society. By taxing consumption rather than income or profits.

Is your business registered?

Tarka Accounts can complete and submit your VAT Returns on your behalf, we will ensure your business is compliant and up to date with this and you are not overpaying VAT.

We have the correct software in place to file VAT under the new MTD (Making Tax Digital) rules.

We can also help with:

• VAT registration
• Advice on VAT
• Helping you with any VAT inquiries from HMRC
• Choosing and using software