One Two One Proactive Accountants.

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VAT Returns

Accurate and efficient VAT returns, guaranteed. Join hundreds of North East businesses that trust us with tailored tax planning.

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A dedicated VAT returns service, to improve your tax efficiency

VAT returns are required at the end of every quarter. Breaking down income and expenses can be time-consuming and drain your time and resources.

There are several considerations to keep front of mind regarding government legislation, tax liabilities and VAT schemes, which is why North East business owners should entrust the help of a local accountancy partner to ease the administrative burden.

One Two One Accounts are experienced in navigating the successful completion of VAT returns, ensuring you don’t pay any more tax than you need, whilst staying within government guidelines.

Offering regular, systematic advice to clients like yourself ensures you keep what is rightfully yours, whilst our processes and guidance mean you maintain tax compliance and remove the confusion that can occur with making tax digital.

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Maintaining detailed records of sales, purchases, and VAT is essential for accurate VAT returns. This can be challenging for small businesses with limited administrative capacity. It can be particularly complex for those operating across different sectors, and as case law continues to evolve and regulations change, seeking professional guidance is more important than ever. We are committed to demystifying tax and offering tailored, jargon-free advice.

Facts about VAT returns

  • If your annual taxable turnover exceeds the VAT threshold (currently £90,000), you must register for VAT
  • You must calculate the VAT collected on sales and the VAT paid on purchases
  • The frequency of tax returns depends on your business’s turnover, generally, small businesses submit them quarterly or monthly
  • You can often claim VAT back on eligible business expenses, such as purchases of goods and services

For reduced risk of errors, accurate calculations, and enhanced tax efficiency, contact our accountancy team.

Get in touch

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Jamie McDonald, owner of One Two One Accounts at the coast.

Ready to take the next step
in your financial management?

Discover how our expert services can streamline your operations and boost your bottom line. Simply answer a few quick questions about your business, and we’ll tailor a personalised price package just for you.

Sole Trader prices from £35 plus VAT per month.
Limited Company prices from £85 plus VAT per month.

Get in touch with us

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Accounts Production

Fast, efficient and accurate financial reporting that gives you valuable insights into your business performance.

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Corporation Tax

Our experienced team offers expert support to help you navigate the complexities of corporation tax and minimise your tax liability.

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Payroll

We can handle all your payroll needs, ensuring error-free and timely payments while freeing up your time to focus on core business activities.

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Self Assessment

We guide businesses through the self-assessment tax return process, ensuring compliance with HMRC regulations and optimising tax savings.

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CIS

Our accountants are on-hand to offer financial planning to North East subcontractors and support them through the CIS claims process.

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VAT Returns

Our VAT specialists ensure reliable and efficient VAT returns to support North East businesses with compliance and cash flow.

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Bookkeeping

We work closely with local businesses, offering an outsourced financial record-keeping service to streamline your financial management.

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See how we’ve helped
other local businesses

“Always responsive with both emails and calls”

One Two One Accounts have been my accountants now for over 9 years. They’re always responsive with both emails and calls. Their extensive knowledge of tax, vat and company related tasks are a huge asset, putting me straight on any accounting related questions I may have. Whether it be something pressing, or a discussion on a potential new direction for my business, the team is always happy to offer up their council and expertise, allowing me to focus on my day to day work knowing the other side of the business is in great shape

John Colebourn, Director JC Illustration Ltd

“Wouldn't go anywhere else”

Arluchi Plastering Division have used One Two One Accounts for over 3 years now and we couldn’t be happier with the service we receive. 5 star every time, wouldn’t go anywhere else

Tony Shandran, Director Arluchi Plastering Division Ltd

I am so pleased with the accountancy services provided to us by One Two One Accounts since we appointed them five years ago. They have been both competent and efficient in sorting out our year end accounts and our Partnership Tax Return, which was for our small business. More than that, Self-Assessment Tax Returns and Corporation Tax are all correctly calculated and then returned in good time. And I really appreciated it when One Two One Accounts gave our business practical support. This was through a time when a bank seemed to be applying excessively complicated administrative procedures upon us. This has been resolved now.

Martin Morley, Director MHM Road Safety Ltd

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