VAT Returns Kidderminster

VAT Returns in Kidderminster

PAE Finance is a local accountants in Kidderminster, owned by Paul Evans. The business was established in April 2017; however, Paul has been working in the industry for more than 30 years and possesses a wealth of knowledge in all areas within accountancy. The area of expertise we specialise in, include tax returns, self-assessment, payroll and bookkeeping. We also focus on a range of industry sectors including hospitality, medical, CIS contractors and the construction industry.

At PAE Finance, we closely with clients and can provide ongoing support to help you grow your business, maximise your personal wealth and minimise your tax liability.

If you are looking for an accountants to help with VAT Returns, we can help. Contact us now and we will be more than happy to give you more information.

Reclaiming VAT

Here at PAE Finance, we can help when it comes to reclaiming VAT, either for an individual or through businesses in Kidderminster. Usually you can reclaim the VAT paid on goods and services purchased for use in your business. If a purchase is for an individual’s use, you can only reclaim the business part of the VAT. If you keep your records of business related purchases we can use these to help support your claims. The accounting period usually runs in a cycle of 3 months.

The VAT Return records things for the accounting period such as:

  • your total sales and purchases
  • the amount of VAT you owe
  • the amount of VAT you can reclaim
  • what your VAT refund from HMRC is

You must submit a VAT Return even if you have no VAT to pay or reclaim.

You cannot reclaim VAT for:

  • anything that is only for private use
  • goods and services your business uses to make VAT-exempt supplies
  • business entertainment costs
  • anything you have bought from other EU countries (you may be able to reclaim VAT charged under the electronic cross-border refund system)
  • goods sold to you under one of the VAT second-hand margin schemes
  • business assets that are transferred to you as a going concern

Why Choose Us for VAT Refunds in Kidderminster

There are many different reasons to choose us when you require an accountant for tax refunds in Kidderminster. We have decided to outline a few of the main ones below. Some of the key reasons to choose us for your accounting services include:

  • Very Experienced – Our team have over 30 years’ experience in the industry, meaning you can rest easy knowing that you are in good hands with us at PAE Finance.
  • Highly Professional – We are fortunate to have with a highly professional team here at PAE Finance, where we strive to achieve perfection with all of the accounting and finance solutions that we offer.
  • Competitive Prices – At PAE Finance, we are proud to say that we offer competitive prices on all of the accounting services we offer in Kidderminster.
  • Reliable – Our team are extremely reliable when it comes to providing financial help for businesses and individuals in Kidderminster.
  • Passionate – We are very passionate about the accounting services that we offer to all of our clients and always try to achieve the best for each one of them.

FAQs

What is VAT?
VAT stands for Value Added Tax. If you are VAT registered, you need to add 20% on top of whatever you sell.
Why choose PAE Finance?
You can sometimes get VAT refunds on goods bought in the UK if you:

- Visit the UK but live outside the EU and are going back home are
- An EU resident leaving the EU for 12 months or more
- Are a non-EU resident but work or study in the UK and are leaving the EU for 12 months or more

You can usually reclaim the VAT paid on goods and services purchased for use in your business. If a purchase is also for personal or private use, you can only reclaim the business proportion of the VAT.

Call Us for VAT Return Services in Kidderminster Today!

Looking for a local accountant to help with your VAT refunds in Kidderminster? Then you are at the right place! We have over 30 years of knowledge and experience working with clients of all kinds. If you are looking for someone to manage your annual accounts, management accounts, bookkeeping, payroll and give you advice with self-assessment, PAE Finance can help! For more information about the services we provide or for any other enquiries, call us now on 01299 272 647.