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VAT Agent Service
We offer regular monitoring of the accuracy and filing dates on your account.
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VAT Agent Services
From VAT registration and representation to HMRC inspections, our experienced team can support businesses in the UK and overseas.
When dealing with VAT, businesses should have a regular representative called a VAT agent or VAT tax representative that they work with who can provide full support and professional advice about the many complex VAT issues.
As VAT experts, we provide this service and much more. We also offer regular monitoring of the accuracy and filing dates on your account. This can prevent your company from incurring penalties for late filing or errors.
For companies that do business in the UK, but do not have a physical presence here, the easiest way to register and file your returns is via a VAT agent. We provide this and numerous other services.
A tax agent is responsible for keeping the records and accounts, but they do not bear full responsibility for non-payment of this tax.
You need to officially authorise a tax agent to act on your behalf in the UK. This can be done online or by completing form 64-8. The form needs to be sent to HMRC.
If you are an overseas trader, you can email the completed form 64-8 to your new agent and they will send it to the correct department.
Find out how to authorise a tax agent ↗A tax representative bears full joint responsibility regarding all issues of VAT return filing and output VAT payments.
They keep all records and accounts for VAT purposes on behalf of the business they represent.
The HMRC has recently introduced a new category for businesses from abroad who make taxable sales in the UK market. It is called a non-established taxable person (NETP).
You will be classed as a non-established taxable person if:
You are not resident in the UK
Your business office is outside the UK
Your company is not incorporated under UK law but makes taxable supplies in the UK
NETPs should register for VAT and may do so via a UK tax representative, through a UK agent, or directly with Aberdeen (050 traders). Our company offers all agent services including registration, issuance of VAT invoices, and regular returns to the tax office.
We also provide advice on what type of business structure will work best for your business needs.
We offer all agent services including registration, issuance of VAT invoices, and regular returns to the tax office. We also provide advice on what type of business structure will work best for your business needs.
Our comprehensive VAT agent service gives you peace of mind, knowing that you have experienced professionals looking after your VAT affairs. As your authorised agent, we can deal with your VAT business transactions on your behalf, reducing the burden on your business, whilst allowing you to maintain full control.
Dealing directly with HMRC in respect to your VAT affairs
Being the first point of contact for HMRC, should they have any queries
Submission of VAT returns and other documentation to HMRC on your behalf
Hosting HMRC VAT inspections
Our VAT agent services are particularly beneficial for overseas businesses that would otherwise find it difficult dealing directly with the UK VAT authorities.
We can handle all the queries, issues and regular filings to relieve your company of this burden and ensure that you fully comply with VAT regulations.
Often clients are curious about when they will be inspected. Though we are ex-officers of HMRC, we are unable to give a definite answer to this question.
There are numerous reasons for a VAT audit including:
Inspectors discovered errors in a previous inspection meaning HMRC has categorised the business as ‘high risk’.
The taxpayer has failed to submit a return.
The taxpayer has submitted a VAT return with figures “out of the ordinary”, especially if the VAT return is a repayment claim when their VAT returns are usually payment returns.
HMRC has stated that the purpose of a VAT audit is to ensure that businesses declare the correct VAT. You will be contacted by HMRC and they will inform you of when and where the visit will take place.
They also state what specific issues they want to discuss and which people in your organisation they will want to speak with.
Common questions that the VAT officer has concerns about are whether there have been any significant changes since the last VAT Audit and how the records are completed. The officer will usually ask for detailed records, such as sales and purchase invoices, for specific VAT return periods.
At the end of the visit, the VAT officer will discuss any issues that have arisen and follow these up in writing. HMRC states that a VAT audit is not a complete review of VAT records for a given period.
We can provide valuable help and guidance throughout this process.
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Have a question about accounting, VAT or your business? Send us a message and one of our specialists will be happy to help.
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