VAT Accounting Services for Businesses in Farnborough, Camberley, Woking & Guildford, and throughout Surrey, Hampshire and Berkshire.  

A logical extension to the provision of bookkeeping services to businesses in and around Farnborough, Camberley, Woking and Guildford is that of VAT accounting. 
 
Do the bookkeeping right and VAT is simple and straightforward. Do it wrong and VAT becomes a burden as well as a potential area of conflict with HMRC rules and regulations, which in the worst case scenario can lead to a full HMRC VAT investigation. 
 

 VAT Thresholds  

Circumstance 
Threshold 
VAT registration 
More than £85,000 
VAT deregistration 
£83,000 
Registration for distance selling into the UK 
More than £70,000 
Registration for bringing goods into the UK from the EU 
More than £83,000 
Completing simplified EC Sales List 
£106,500 or less and supplies to EU countries of £11,000 or less 

 VAT Accounting Scheme Thresholds  

The VAT accounting scheme thresholds (which are based on the VAT taxable turnover) are currently: 
VAT accounting scheme 
Threshold to join scheme 
Threshold to leave scheme 
Flat Rate Scheme 
£150,000 or less 
More than £230,000 
Cash Accounting Scheme 
£1.35 million or less 
More than £1.6 million 
Annual Accounting Scheme 
£1.35 million or less 
More than £1.6 million 
There are a number of other schemes that exist such as the VAT retail scheme, and separate rules for caterers, pharmacists, florists etc. At Penny's Accountancy Ltd, we will ensure that you are on the right scheme paying the correct VAT scheme for your business, and deal with any VAT registration issues that may occur on your behalf. 
 
 
 
 
 
There are a number of other schemes that exist such 
as the VAT retail scheme, and separate rules for caterers, 
pharmacists, florists etc. At Penny's Accountancy Ltd, 
we will ensure that you are on the right scheme paying 
the correct VAT scheme for your business, and deal with 
any VAT registration issues that may occur on your behalf. 
 
 
CONTACT US 
CONTACT US 
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