VAT
VAT is one of the most trying taxes for the ordinary
businessman to manage.
We can remove the worry and stress by helping you
to either manage the process inside our business or by taking over the entire
process and preparing and submitting the Returns on your behalf.
We can even get you an extra 10 days credit with the VATman by submitting
Returns on line.
If you have imports or exports, we can deal with Intrastat returns
on your behalf, ensuring that you comply with all your obligations.
We can advise on the flat rate schemes and on annual
accounting schemes that can give you a better cash flow, or even
reduce your VAT liability.
The pre-Budget report has temporarily reduced the main VAT Rate from 17.5% to 15% between 1/12/08 and 31/12/09.
We have produced a factsheet to help our clients adjust their computer systems to treat VAT correctly.
fuel duty & BSOG claims
Fishermen and bus operators need to reclaim the fuel duty
that they have suffered, or to claim duty rebates that they are entitled
to.
We prepare these claims on a regular basis, and can help you maximise your
refund and minimise the hassle by ensuring that claims are
made in the correct format.
The table below shows the differing duty rates for the two main types of fuel.
Fuel type From 1/1/05 From 6/12/05 From 1/9/06 From 1/10/07 From 1/12/08 From 1/4/09 Gas Oil (red diesel) 5.22 6.44 7.69 9.69 10.07 10.42 Unleaded petrol and diesel 47.10 47.10 48.35 50.35 52.35 54.19
VAT CALCULATOR
At a VAT rate of 17.5%, the VAT included in any invoice is 7/47 of the gross.
At a VAT rate of 15%, the VAT included in any invoice is 3/23 of the gross.
At a VAT rate of 5%, the VAT included in any invoice is 1/21 of the gross.
Or you can use the calculator below to get the answer: