VAT Returns & Making Tax Digital

For many business owners, VAT can feel confusing, time-consuming and difficult to keep up with.

Questions about VAT registration, Making Tax Digital requirements, allowable VAT claims and HMRC deadlines often leave businesses feeling uncertain about whether they're doing things correctly.

At Draig Accountancy, I help sole traders, limited companies and growing businesses understand their VAT obligations, stay compliant and avoid unnecessary stress.

Based in Penygroes, Carmarthenshire, I provide practical VAT support for businesses across Wales and throughout the UK.

Whether you're registering for VAT for the first time, already VAT registered, or simply looking for support with ongoing compliance, I can help.

Do I Need to Register for VAT?

One of the most common questions business owners ask is:

"Do I need to register for VAT?"

You will normally need to register for VAT if your taxable turnover exceeds the current VAT registration threshold of £90,000 within a rolling 12-month period.

However, VAT registration isn't always straightforward.

Some businesses choose to register voluntarily before reaching the threshold, while others need guidance on how VAT may affect their pricing, cash flow and administration.

Before registering, it's important to understand:

• Whether VAT registration is required
• Whether voluntary registration may benefit your business
• How VAT could affect your pricing structure
• What records you'll need to keep
• Your Making Tax Digital obligations
• The ongoing responsibilities of being VAT registered

I can help you understand your options and make informed decisions based on your individual circumstances.

VAT thresholds and regulations can change over time, so advice should always be tailored to your specific situation.

How I Can Help

VAT Registration

Helping you register for VAT correctly and understand your responsibilities from the outset.

VAT Returns

Preparing and submitting accurate VAT returns on time, helping you avoid missed deadlines and unnecessary penalties.

Making Tax Digital (MTD)

Supporting your business with HMRC's digital record-keeping and reporting requirements.

Accounting Software Support

Helping you choose, set up and use suitable accounting software for VAT compliance.

VAT Advice

Providing practical guidance on VAT rules, obligations and common business scenarios.

HMRC Support

Assistance with VAT-related correspondence, queries and compliance matters.

Making Tax Digital Made Simple

Making Tax Digital (MTD) is HMRC's initiative to modernise the tax system by requiring businesses to maintain digital records and submit information electronically.

While the rules may sound complicated, the right systems can make compliance straightforward.

I can help you:

✔ Understand your MTD obligations

✔ Choose suitable accounting software

✔ Set up practical digital record-keeping systems

✔ Maintain compliant records

✔ Submit VAT returns correctly

✔ Prepare for future MTD developments

Whether you're using Xero, QuickBooks, Sage or another platform, I can help you make the most of your software and stay compliant with HMRC requirements.

Common Reasons Businesses Contact Me

Many clients get in touch because:

• They've exceeded the VAT registration threshold
• They're unsure whether voluntary registration is worthwhile
• They're struggling with bookkeeping and VAT records
• They have received correspondence from HMRC
• They need help understanding Making Tax Digital
• They want someone else to manage VAT returns for them
• They're changing accountants and want ongoing support

If any of these sound familiar, you're not alone.

VAT can be complex, but with the right support it becomes much easier to manage.

Why Choose Draig Accountancy?

Good VAT support is about more than filing returns.

It's about helping you understand your obligations, avoid costly mistakes and feel confident that everything is being handled correctly.

When you work with Draig Accountancy:

✔ You'll deal directly with me, Fay Hancock MAAT

✔ You'll receive friendly, jargon-free advice

✔ You'll have support tailored to your business

✔ You'll gain practical guidance from a fellow business owner

✔ You'll receive ongoing support throughout the year

✔ You'll have peace of mind that your VAT affairs are being managed correctly

As someone who runs businesses myself, I understand the importance of having trusted professional support that is practical, responsive and easy to work with.

VAT Accountant in Carmarthenshire

Based in Penygroes, I support businesses throughout Carmarthenshire, including Llanelli, Ammanford, Carmarthen, Cross Hands, Llandeilo and the surrounding areas.

Through cloud accounting software, telephone support and online meetings, I also work with businesses throughout Wales and across the UK.

Whether you're a sole trader, limited company, contractor, consultant, retailer or family business, I can provide VAT support tailored to your needs.

Frequently Asked Questions

What is the current VAT registration threshold?

The current VAT registration threshold is £90,000 of taxable turnover within a rolling 12-month period. Thresholds can change, so it is important to seek up-to-date advice.

Can I register for VAT voluntarily?

Yes. Some businesses choose to register voluntarily even when they are below the registration threshold. Depending on your circumstances, this can offer advantages, including the ability to reclaim VAT on eligible purchases.

What is Making Tax Digital?

Making Tax Digital is HMRC's programme requiring many businesses to maintain digital records and submit tax information electronically using compatible software.

Can you submit VAT returns on my behalf?

Yes. I can prepare and submit VAT returns, help maintain compliant records and provide ongoing support throughout the year.

Which accounting software do you support?

I work with a range of platforms including Xero, QuickBooks, Sage and Excel, helping businesses choose solutions that suit their needs and level of experience.

Need Help with VAT?

Whether you're registering for VAT for the first time, navigating Making Tax Digital or simply looking for reliable ongoing support, I'd be delighted to help.

Get in touch for a free, no-obligation conversation about your business and how I can support you.

📍 Penygroes, Carmarthenshire

🌍 Supporting clients across Wales and throughout the UK