If you pay your VAT quarterly by direct debit the sign-up window has closed for the 30 June quarter submission. Do not worry as HM Revenue & Customs (HMRC) has announced that you will not be penalised this time, so you may file the old way and come back when the direct debit has been collected to sign up in time to file the next return.
Although HMRC will not penalise you, they will send a letter telling you that you missed the deadline and asking you to take action.
How can we help?
Growing businesses often don’t have the time or resource to set up a full accounting function within the business. That’s why, at Beavis Morgan, we offer the capability to outsource your finance department to us. We will take care of your day-to-day accounting needs and provide you with a single point of contact, so that you can focus on what you do best – growing and managing your business.
We will also help you navigate any potential pitfalls and ensure all your accounting, financial and bookkeeping needs are managed from one place, so you don’t have to worry about acting as the go-between for your accountant and bookkeeper.
- You will never need to worry about missing a VAT deadline, or the complexities of running payroll.
- You will have access to accurate, reliable and timely financial information when you need it, whether that be profit or cash focused, or both, to accurately and effectively manage the company’s finances and drive growth.
- Our business experts will work with you to identify your requirements and then design and implement a system that will provide all the information you need, within a cost effective and efficient framework.
In turn, if you have any concerns regarding your tax return or other related matters, our experts at Beavis Morgan are available to assist. We take the hassle of dealing with HMRC away from you, so you don’t need to deal directly with them.
Contact your usual Beavis Morgan Partner for further information and assistance.