Professional Payroll and Accounts Limited
Sage Accountants Club
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Providing an accounting and bookkeeping service, tailored to the needs of your business

t: 0191 592 0529

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VAT Returns

If your turnover exceeds the curent threshhold of £85,000 in any 12 month period you will need to register for VAT.

In some circumstances, when business sale zero rated items, then it is beneficial for them to register voluntarily even if they have a turnover below the threshold as they will be able to claim VAT back on their purchases.

Following items are zero rated:

  • Building services for dis-abled people
  • Construction and sale of new houses
  • Magazines, newspapers and books
  • Children's clothes and footwear
  • Equipment for disabled people
  • Printing of brochures, leaflets and pamphlets
  • Some safety wear meeting safety standards

VAT schemes

There are schemes available to smaller companies to help with the administration burden of becoming VAT
registered. To find out more, please phone or email to make an appointment.