Valued Added Tax, or VAT,
Is a key component of the British economy.
If you are a South London-based company with an annual turnover exceeding £85,000 you are obliged to register for VAT. If you are a smaller company, then VAT registration becomes optional. If you are VAT-registered, then you must charge it consistently and keep an accurate account of it in your bookkeeping.
At Baba Habu & Co Accountants, we provide a VAT returns service to companies across South London. With almost ten years’ trading history behind us, we have assisted hundreds of clients with their VAT returns.
We can deliver this service as a standalone financial solution, or part of a larger accounting package. You will be given your own personal account manager with a team of experienced accountants to back them up. We provide this essential service to clients throughout South London – this includes Brixton, Elephant & Castle, Lewisham, Peckham and beyond.
Professional VAT Returns in South London
As a well-established accountancy firm, we have much to offer our South London clients in terms of VAT returns. Here is what you can expect from us.
UK VAT
Under UK legislation, any VAT payments made may be offset against payments received. Knowing which rate of VAT applies to your industry (20%, 5%, or 0%) is essential for compiling accurate VAT returns. At Baba Habu & Co Accountants, we go through your invoices and receipts, ensuring all VAT payments are accounted for.
Non-UK VAT
VAT applies in the EU as well. Generally, sales to EU companies attract VAT at their home rate. If the company in question is VAT-registered in the UK, however, it applies at the UK base rate. For businesses that trade extensively with this EU, this can become complicated. Fortunately, we are here to untangle these VAT payments for you.
Accurate VAT Returns
VAT is paid regularly throughout the year, either monthly or quarterly. It is essential that accurate VAT returns are provided as failure to do so can result in financial penalties. At Baba Habu & Co. Accountants, we pride ourselves on the quality of our VAT returns. We guarantee precision and transparency in each VAT return we produce.
Why choose Baba Habu & Co Accountants?
As one of South London’s leading accountancy firms, there are many reasons to choose us to handle your VAT returns. Here are some of the more popular ones, based on extensive client feedback.
No Account Too Large or Small
While VAT-registration is only obligatory for companies earning more than £85,000, any size of business can choose to register. Whether your company is large or small, VAT returns do not get any less complicated. At Baba Habu & Co. Accountants, we provide VAT return solutions to sole traders, small enterprises, and large corporations alike.
Experienced VAT Return Experts
We have been trading as Baba Habu & Co Accountants for almost ten years. Our team of dedicated accounting professionals, on the other hand, has been part of the sector for decades between them. We pride ourselves on the extensive experience that our team brings to every client. It is your assurance of quality and accuracy, every time.
The Personal Touch
VAT returns can get complicated, so having a dedicated accountant you can rely upon is essential. At Baba Habu & Co Accounting, you will be provided with a personal account manager for all your accounting needs. They will be your single point of contact, responsible for your every aspect of your account.
Your local VAT Return Specialists
As one of South London’s leading accountancy firms, why look further afield for someone to handle your VAT returns? Our main office is located in Deptford. From here, the qualified professionals at Baba Habu & Co Accountants cover all of South London. This includes our valued clients in Brixton, Elephant & Castle, Lewisham, Peckham and beyond.
Get in touch
For quality VAT return services in South London, call Baba Habu & Co. Accountants on 0208 691 7522. A member of our team will be happy to provide you with a free, no-obligation quote for our services.