VAT (Value Added Tax) is a tax added to products or services sold by by a VAT registered business. 

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What is the VAT threshold?

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Businesses have to register for VAT if their taxable turnover is more than £90,000. You can also choose to voluntarily register if their turnover is less than £90,000.​

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What VAT services do you offer?

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At TLC we deal in all aspects of VAT to include:​

• Online registration

• Submission of monthly/quarterly VAT returns

• Calculations based on cash accounting and traditional methods

• Flat rate scheme including review of the 'limited cost business'

• Annual accounting for VAT purposes

• VAT margin schemes such as second hand motor sales scheme.

• EU and overseas calculations

• Self building reclaim calculations 

• Deregistration.

• Sign clients up for Making Tax Digital

• Filing VAT Returns through a MTD software.