providing Tax and VAT Return Services in London

VAT Return London Services by Dynamic Project Advisory Ltd

For businesses in London, managing VAT is more than a compliance task; it’s an important component of cash flow and financial strategy. At Dynamic Project Advisory Ltd, we provide comprehensive VAT return services in London, ensuring full compliance with HMRC guidelines while identifying opportunities to optimise your VAT position.

We handle the complexity so you can focus on growing your business.

Our Step-by-Step VAT Return Process

We believe in a transparent, methodical approach to ensure accuracy and efficiency from start to finish.

Step 1: In-Depth Data Collection & Review We begin by securely gathering your financial records, including sales invoices, purchase receipts, and expense reports. Our team conducts an initial review to identify any missing information or potential issues, such as invalid VAT numbers or non-deductible expenses.
Step 2: Accurate VAT Calculation & Allocation Using your data, we meticulously calculate the VAT due on your sales (output VAT) and the VAT you can reclaim on your purchases (input VAT). We ensure all transactions are correctly allocated according to their VAT rate (Standard, Reduced, Zero) and that the rules for partial exemption and non-business use are correctly applied, per HMRC guidelines.
Step 3: Preparation of Your VAT Return We prepare your VAT Return using the approved HMRC format, detailing your total sales and purchases, the amount of VAT you owe, and the amount you can reclaim. The result is your final VAT liability or refund amount.
Step 4: Comprehensive Review & Submission Before submission, a senior advisor conducts a final review of the return to guarantee its accuracy. Once approved by you, we submit the return directly to HMRC via the Government Gateway, ensuring it is filed before the statutory deadline to avoid penalties.
Step 5: Payment Guidance & Future Planning We provide clear instructions on the payment amount and HMRC’s deadline. Furthermore, we offer a proactive review of your VAT position, advising on potential cash flow improvements and planning for the next period.

Key HMRC Guidelines We Ensure You Meet

Our expertise ensures your business remains fully compliant with critical HMRC regulations, including:

Making Tax Digital (MTD): We ensure all submissions are fully compliant with MTD rules, using HMRC-recognised software to keep digital records and file returns electronically.
VAT Schemes: We advise on the most beneficial scheme for your business—whether Standard, Flat Rate, or Cash Accounting—and ensure all calculations are performed correctly within its rules.
Time of Supply (Tax Point): We correctly apply the tax point rules to determine in which period a sale or purchase must be declared, a common area for error.
Input VAT Reclaim Rules: We ensure you only reclaim VAT on purchases that are for business use and relate to VATable supplies, in line with HMRC’s strict guidelines on deductibility.

So, as you can see, you need not worry about compliance or any similar problems. Dynamic Project Advisory Ltd are here to keep you out of all types of complexities.

Why Choose Dynamic Project Advisory for Your Tax Returns in London?

When it comes to tax returns in London, you can rely on us since:

Precision & Compliance: We eliminate the risk of errors and penalties with our rigorous, detail-orientated process.
Proactive Insight: We look beyond the form to advise on VAT-efficient practices that can improve your cash flow.
Time & Resource Savings: Free up your valuable time by outsourcing this complex and time-consuming administrative burden to our experts.
London-Focused Expertise: We understand the specific market dynamics and common business models in London, allowing us to provide highly relevant advice.

If you have further queries about our VAT return services, get in touch with us today.

Frequently Asked Questions

What specific records do I need to provide for you to complete my VAT return?

You will need to provide digital records of all sales invoices and purchase receipts, your VAT account summary, and details of any imports or disposals of assets. We will give you a tailored checklist based on your business type.

How do you handle partial exemption calculations for businesses that have both taxable and exempt sales?

We perform a detailed review of your income streams to apply the standard or a special method approved by HMRC, ensuring your input VAT reclaim is maximised while remaining fully compliant.

What is your process if you discover an error in a previous VAT return?

We investigate the error's cause and impact. We will then prepare a VAT652 form to disclose the error to HMRC voluntarily, which can help mitigate potential penalties.

Can you advise on the most advantageous VAT scheme for my business, like the Flat Rate Scheme?

Yes, as part of our service, we analyse your turnover and expense profile to determine if the Standard, Flat Rate, or Cash Accounting scheme is most beneficial for your cash flow and overall tax liability.

How do you ensure my submission is fully compliant with Making Tax Digital (MTD) rules?

We use HMRC-recognised, MTD-compliant software to maintain your digital records, create your VAT return, and submit it via our API-enabled platform, providing you with a full digital audit trail.

What are the common "non-deductible" input VAT items I should be aware of?

Common non-deductible VAT includes business entertainment, certain car-related purchases (unless the rules are strictly met), and goods or services used for non-business purposes. We will review your expenses to flag these items.

Do you provide support in the event of a VAT inspection or enquiry from HMRC?

Absolutely. We act as your agent and will manage all communication with HMRC, providing the necessary documentation and representation throughout the process.

What is the difference between a cash accounting and invoice accounting scheme, and which is better for cash flow?

Invoice accounting taxes sales when you issue the invoice, while cash accounting taxes them when you receive payment. Cash accounting is often better for cash flow if your customers are slow to pay, as you don't pay VAT on sales until the money is in your account.

How far in advance of the deadline do you need my information?

To ensure a thorough review and avoid last-minute issues, we request all information at least 10 working days before the HMRC filing deadline.

Can you help with reverse charge mechanisms for services received from outside the UK?

Yes, we accurately account for the reverse charge on your VAT return, ensuring you comply with the rules for international services, which can be a complex area.

Get Started with VAT

Call 02077151945 to book an appointment with us or send an email to admin.dpa@dynamicproject.co.uk requesting a quote, and we will get back to you soon.

Area We Serve