When VAT was introduced in the budget of 1973, the Chancellor of the Exchequer said "This is a simple tax". Sadly this has not proved to be the case, particularly since the emergence of the European Single Market.
Knowing whether transactions should
be treated as standard rated, zero rated, exempt, or outside the scope
of VAT can be difficult enough. Add to that the complexities associated
with overseas trading such as triangulation, reverse charging, etc. or partial exemption, and
it is easy to see why very few businessmen agree with the Chancellor's
statement.
We are happy to assist you with the completion of your VAT returns, either from accounting records you have kept yourself, or from records we have written up and keep on your behalf as part of our bookkeeping service.
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Chartered Certified Accountants Egham