VAT returns and digital record-keeping
Professional preparation, thorough review, and timely submission of your VAT returns and digital tax records. We take the compliance burden off your business and guarantee full alignment with HMRC’s Making Tax Digital requirements. We take responsibility for correctly preparing your VAT and tax records in the format HMRC requires. We stay on top of the latest guidance and procedures.
Edinburgh
Glasgow
Aberdeen
Stirling
01
VAT Returns
We help you choose the most tax-efficient structure for your business, identify allowances such as the Annual Investment Allowance and R&D Tax Credits, and advise on strategies such as salary and dividend planning for directors.
02
Code Reviews
Checking invoices for correct VAT codes and rates, and appropriate transaction procedure markings to ensure consistency with your VAT return.
Records on Demand
Rapid preparation of supporting schedules and transaction listings if HMRC requests additional information during a compliance check.
Ammendments
Smooth preparation of VAT return amendments when an error or missing invoice is identified, including voluntary disclosure to minimise any penalty exposure.
VAT returns. Accurate, compliant, and submitted on time
VAT compliance sounds routine, but the penalties for getting it wrong are significant and surprisingly easy to trigger. A missed deadline, an incorrectly coded transaction, or a return that does not reconcile with your bookkeeping can all attract HMRC attention — and under the current penalty points system, repeat errors accumulate fast.
ITS Accounting prepares and submits your VAT returns directly from your cloud accounting software, which means the data flows from your bookkeeping to HMRC without manual rekeying and without the errors that come with it. Every return is reviewed before submission by a qualified accountant who understands your business — not just processed automatically.
We also keep your transaction coding clean throughout the year, so that when HMRC asks a question about your VAT position, the answer is ready and the evidence is clear. And if an error does occur — a missing invoice, a supplier that should have been reverse-charged, a rate applied incorrectly — we prepare the correction and handle the voluntary disclosure in a way that minimises any exposure.
Under Making Tax Digital, the requirements around digital record-keeping are becoming more detailed, not less. We stay on top of HMRC’s evolving guidance and make sure your records always meet the standard expected — today and as the rules develop.
Peace of mind and security
Regular review of your tax account means we catch discrepancies early and keep your affairs in order throughout the year.
Deadline guarantee
We track every submission deadline so you never face late filing penalties from HMRC.
Acting as your agent
Once authorised, we manage all correspondence with HMRC directly, saving you time and stress.
What is a Making Tax Digital VAT return?
It is a digital submission made directly to HMRC through MTD-compatible software, replacing the old manual VAT return.
When must VAT returns be submitted?
Usually within one month and seven days of the end of your VAT period.
What are the consequences of VAT errors?
HMRC applies a penalty points system for late returns and can charge financial penalties for inaccuracies. Voluntary disclosure can reduce penalties significantly.