Reasons to Get UK VAT accountant For Small Businesses

Reasons to Get UK VAT accountant For Small Businesses

Accounting is a crucial part of any small or large business. With a proper accounting process, organizations can manage finances well and create a better growth environment. It also creates trust for all the employees, clients, and other people associated with your business. After all, proper accounts help in building a better reputation for a company. One major factor of business accounts is VAT (value-added tax). To manage VAT, companies need the help of a professional UK VAT accountant. It is because companies need to quarterly submit VAT returns and manage their making tax digital (MTD) duties.

Since the VAT rules and regulations keep on changing depending on offered services and products, it's vital to hire a professional accountant. It is because a professional VAT accountant is aware of all the changing rules and regulations of VAT. So, you won't have to stress over the complexities of new VAT guidelines and comply with making tax digital (MTD).

What Is a UK VAT accountant?

An accountant who specialises in handling VAT-related accounting matters is called a VAT accountant. They also know the rules of filing VAT returns, making tax digital (MTD) and handling overpayments of VAT and more.

Not just submitting VAT returns to, VAT accountant also ensures you don't make any errors or mistakes during the VAT return.

Also read: What To Consider When Looking For A Property Tax Accountant In London Uk?

Advantages of a UK VAT accountant

Not sure of all the rules and regulations related to VAT? It's best to let the expert handle it for you. Why? Here are some notable advantages of hiring a UK VAT accountant:

1. Correct Information and Details

Business owners have very sensitive information and details about their companies. If any such information or detail gets leaked, it can cause serious damage to a business. However, a professional VAT accountant is someone who you can trust to keep your sensitive accounting details safe. They ensure that all your business information is factual, correct, and secure. This makes the process of year end accounting smooth and easier.

2. Access To Well-Trained Professional

VAT accountants are highly-trained professionals so you don't have to stress over the mistakes. They are well-versed in how VAT processing works and how to handle all the procedures related to it and making tax digital (MTD).

But if you try to submit VAT yourself without relevant training and qualifications you could make mistakes and errors. Even if it's a minor error, HMRC are likely to levy penalties. So, to avoid such a situation, it's best to hire a professional VAT accountant to ensure you meet the standards when it comes to reporting filings and VAT submissions.

3. Cost-Efficient

Another major reason to hire a professional VAT accountant is that they help you claim back the correct amount of tax and avoid costly mistakes. For instance, if you make any wrong entry, HMRC is likely to issue you a penalty. Therefore, hiring professionals for VAT filing is cost-efficient.

If you don't have the resource to hire someone in-house, outsource your VAT filing and making tax digital (MTD). There are many accounting firms out there to handle VAT filing without occupying any space in your office. So, you can contact them only when needed and pay for only the time you acquired their services. Some accounting firms also offer other financial services other than VAT giving you a valuable added resource.

4. Meet VAT Filing Deadlines

A professional VAT accountant also helps you to meet all the deadlines related to VAT filing and making tax digital (MTD). It can be useful if you often struggle to meet such important deadlines.

When you are on a tight deadline and schedule, it's best to hire a UK VAT accountant for their services. This will help in saving you time while letting you concentrate on other vital tasks.


Generally, the concept of VAT simple but the rules and variations are complex for those without the relevant training and experience. Although learning something new is good, VAT takes a lifetime to master. Don't take the risk to make even a minor error when VAT filing, it's best to hire a VAT accountant for helping you out.

Lancing Cotswold accountants offer the best accountancy services for all kinds of businesses. In the industry for many years, you can trust them and leave your accounting worries to them. Want their expert accounting services? Contact them today or visit the official website to find more information.

You can also read: Why Are Some Expenses Not Allowed For Tax?