VATPut your VAT compliance in the hands of a specialist.
VAT compliance can quickly become a distraction for business owners with limited time. Through our professional partner network, Work Consulting connects you with experienced VAT specialists who handle the technical side, while we focus on coordination, clarity, and continuity.
Why partner with Word Consulting Ltd?
We get to know you
We take the time to understand your business, your goals, and the industry you operate in. This allows us to match and coordinate the right qualified accounting professionals for your needs, ensuring the support you receive is relevant, efficient, and aligned with your expectations.
If you’re just starting out, Word Consulting Ltd will guide you through the decision-making process by assessing whether VAT registration is required from the outset. Where registration becomes necessary later, we coordinate with qualified VAT professionals who handle the registration and associated paperwork on your behalf.
We also actively monitor your position over time, identifying when VAT deregistration may become appropriate and commercially beneficial, and ensuring this is reviewed and actioned through the relevant professional partners.
For both new and established businesses, we review the VAT schemes you may be eligible for and work with specialist partners to assess whether a particular scheme—or a combination of schemes—would be more advantageous. In some cases, this can lead to tax efficiencies and reduced bookkeeping complexity, depending on how your business operates.
Who has to register for VAT?
Businesses including sole traders with an annual turnover of £90,000 or more have o register for VAT with HMRC. Businesses can register themselves online or authorise their accountants to register on their behalf.
Making Tax Digital (MTD) for VAT
Since 1 April 2019, most VAT registered businesses earning over £90,000 have had to sign up for Making Tax Digital (MTD). Gov.uk features a guide to approved software, and at Word Consulting Ltd we can help by connecting with our registered partners.
What is the VAT rate?
The standard rate of 20% applies to a very broad range of products and services. The tax applies to business purchases as well as consumer goods.
No more VAT stress
Word Consulting Ltd coordinates with qualified VAT professionals to ensure your position is reviewed, monitored, and handled correctly as your business evolves.
Digital VAT returns
Modern cloud accounting tools enable timely VAT reviews and support, coordinated by Word Consulting Ltd and delivered by qualified professionals, including the digital preparation and submission of VAT returns.
Tax Savings
We make sure you are paying the right tax and identify appropriate tax deductions.