Your outsourced VAT officer will always be on the end of the phone to deal with your questions and queries. Are you spending more time and energy on your practice’s back-office works like VAT? With Doshi’s VAT outsourcing service, you have access to an experienced outsourced VAT officer, who provides a comprehensive service to assist you in Monthly/Quarterly VAT returns, VAT registration, and the use of various VAT schemes. In terms of the role itself, the outsourced VAT officer we provide will conduct a number of different checks and carry out a number of roles, including but not limited to:
VAT stands to 'Value Added Tax' is a tax on the sale of most goods and services. HMRC collects VAT revenues through businesses who are VAT registered.
The VAT return shows the calculation of the amount of VAT due on sales minus the amount of VAT reclaimable on purchases. If the amount reclaimable on purchases is more than the amount due on sales, the difference gives it to back to you by HMRC.
An accounting service provider like Doshi Outsourcing which will help you fill in your VAT return, then allows you to submit it directly to HMRC for you.
If you are registered for VAT, you must charge VAT to your customers on applicable sales. You may also be able to reclaim VAT that you pay on purchases. Only businesses can go for VAT registration; individual consumers can't.
Doshi Outsourcing generates your VAT returns, reminds you when payment is due and then lets you can submit your VAT returns online directly to HMRC.
Related Links: How VAT Apportionment Scheme Works?