HMRC-compliant MTD-ready Nationwide
VAT Services for Small Businesses & Limited Companies
VAT doesn’t have to be confusing. At Faraday Keynes, we provide expert VAT services for small businesses, including company VAT services for limited companies and SMEs across the UK.
Whether you’re registering for VAT, submitting your first return, or managing ongoing compliance, our qualified accountants make the process simple, accurate, and fully HMRC-compliant.
Our VAT Services Include
VAT registration with HMRC
End-to-end support getting your business registered for VAT correctly and on time.
VAT return preparation & submission
Accurate calculations, digital filing, and timely submissions—no missed deadlines.
Advice on the best VAT scheme
Choose the right option for you: Standard, Flat Rate, or Cash Accounting.
Digital VAT compliance (MTD)
Set-up and support for Making Tax Digital and compliant record-keeping.
Recover VAT paid before registration
Identify and reclaim eligible pre-registration or pre-incorporation VAT.
VAT planning & advice
Proactive planning to reduce liabilities and optimise cash flow.
HMRC enquiries & inspections
Representation and guidance if HMRC contacts you or performs a visit.
Why Choose Our VAT Services?
Qualified Accountants – Specialists in VAT for limited companies and small businesses.
Fully HMRC-Compliant – Avoid penalties and costly mistakes.
Tailored Advice – Choose the right VAT scheme for your needs.
Making Tax Digital Ready – Compatible with Xero, QuickBooks, Sage, and FreeAgent.
Nationwide & Online – Serving businesses across the UK.
VAT registration is required when your taxable turnover exceeds £90,000 (2024/25 threshold).
FAQs – VAT for Small Businesses
Q1: What are the requirements of the Companies Act for VAT?
The Companies Act governs company reporting, but VAT rules are set by HMRC. VAT registration is required when your turnover exceeds £90,000 (2024/25 threshold).
Q2: What are the requirements of Companies House for VAT?
Companies House does not regulate VAT; HMRC is responsible.
Q3: What are HMRC’s requirements for VAT?
Once registered, you must charge VAT on taxable sales, issue VAT invoices, keep proper records, and submit returns on time.
Q4: Are there penalties for late or incorrect VAT returns?
Yes. HMRC applies interest, surcharges, and penalties for late submissions or underpaid VAT.
Q5: When are VAT returns and payments due?
Usually every quarter. Returns and payments must be made within one month and 7 days after the period ends.
Q6: Can I prepare and submit VAT through bookkeeping software?
Yes, if it’s MTD-compatible and HMRC-recognised. We can set this up for you.
Q7: Why do I have to register for VAT?
It’s mandatory if your taxable turnover exceeds the VAT threshold or if you choose to register voluntarily to reclaim VAT on purchases.
Q8: When and how do I register for VAT with HMRC?
You must register within 30 days of crossing the threshold. Registration is done online via HMRC’s VAT service.
Q9: Which software is best for VAT?
Popular options include Xero, QuickBooks, Sage, and FreeAgent – all MTD-compliant.
Q10: What kind of VAT scheme should I register for?
It depends on your business size, turnover, and nature of sales. We’ll help you choose between Standard, Flat Rate, or Cash Accounting.
Q11: I’m late for VAT registration, what now?
HMRC may charge backdated VAT, interest, and penalties. We can help minimise the impact.
Q12: Will the new flat-rate VAT rule apply to me?
Yes, if you qualify under HMRC’s criteria. Some sectors have different percentages.
Q13: What about VAT paid on expenses before incorporation?
In many cases, you can reclaim VAT on certain pre-incorporation expenses within specific time limits.
Get Expert VAT Support Today — Compliance made simple, penalties avoided, and VAT reclaimed.
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