Value Added Tax (VAT) is a tax that must be paid when purchasing services or goods.

At Virgos Associate we can help you through the whole VAT process, including:

  • Preparation and submission of your VAT returns
  • VAT registration
  • Guidance and advice on VAT rates changes

All businesses that have a turnover of more than £85,000 must pay and add VAT to all the products and services that they buy and sell. We can help ensure you pay this to the HMRC on-time with your quarterly return.

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Self assessment

Our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax, whether you're considering investments, a second home, or another asset.

Corporation tax

Every year, corporation tax rates and reliefs vary, so we make sure we can offer all the necessary assistance and advice when examining potential exemptions, allowances, and deductions.

In order to make sure you are in compliance and avoid fines, we will carefully evaluate and produce corporate tax filings.

Capital gains tax

Whether you're considering investments, a second home, or another item, our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax.

Personal tax planning

We can help walk you through the complicated subject of personal taxation, we are aware that it can be challenging to grasp, therefore we support you every step of the way. By developing a tax planning approach that works for your tax situation and helps ensure you pay the least amount of tax, we eliminate the time and worry involved. Our staff will provide guidance on when payments are due in addition to what paperwork must be submitted and returned in order to maintain compliance.

Latest news from Virgo Associates

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October 9, 2024
Make sure you claim your child benefit!

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October 7, 2024
UK economic growth figures revised: What it means for your business

The latest figures from the Office for National Statistics (ONS) reveal that the UK’s economy grew by 0.5% between April and June, a slight dip from the initial estimate of 0.6%.

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October 3, 2024
HMRC reform: digital transformation and closing the tax gap

In line with the e-invoicing initiative we reported on elsewhere, the Chancellor also outlined broader reforms to modernise HMRC through a Digital Transformation Roadmap, which is expected in Spring 2025.

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October 2, 2024
Chancellor pushes for e-invoicing: What you need to know

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September 30, 2024
Chancellor’s speech takes optimistic tone on economy

The Chancellor, Rachel Reeves, gave an important speech at the Labour Party conference last week, in which she appeared to shift tone to speak more positively about the economy.

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September 25, 2024
Procurement Act 2023: Implementation delayed to February 2025

The government has announced a delay to the start of the Procurement Act 2023, moving the commencement date to February 2025.

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September 23, 2024
Amazon ends hybrid work policy: Is it time to reconsider remote working?

Amazon has announced the end of its hybrid work policy, with corporate staff expected to be back in the office five days a week starting in January. Previously, staff had the flexibility to work from home two days a week.

Read article
October 10, 2024
Companies House introduces new financial penalties regime

Companies House have rolled out a new penalties regime as part of a broader effort to boost corporate transparency and combat economic crime, following the implementation of the Economic Crime and Corporate Transparency Act 2023.

Read article
October 9, 2024
Make sure you claim your child benefit!

If you’re a new parent, congratulations! Apparently, around 2,000 babies are born on 26 September each year – more than any other day.

Read article
October 7, 2024
UK economic growth figures revised: What it means for your business

The latest figures from the Office for National Statistics (ONS) reveal that the UK’s economy grew by 0.5% between April and June, a slight dip from the initial estimate of 0.6%.

Read article
October 3, 2024
HMRC reform: digital transformation and closing the tax gap

In line with the e-invoicing initiative we reported on elsewhere, the Chancellor also outlined broader reforms to modernise HMRC through a Digital Transformation Roadmap, which is expected in Spring 2025.

Read article
October 2, 2024
Chancellor pushes for e-invoicing: What you need to know

The Chancellor unveiled a series of announcements last week that could have implications for UK businesses. One of the most relevant for business owners was the government's push for electronic invoicing (e-invoicing).

Read article
September 30, 2024
Chancellor’s speech takes optimistic tone on economy

The Chancellor, Rachel Reeves, gave an important speech at the Labour Party conference last week, in which she appeared to shift tone to speak more positively about the economy.

Read article
September 25, 2024
Procurement Act 2023: Implementation delayed to February 2025

The government has announced a delay to the start of the Procurement Act 2023, moving the commencement date to February 2025.

Read article
September 23, 2024
Amazon ends hybrid work policy: Is it time to reconsider remote working?

Amazon has announced the end of its hybrid work policy, with corporate staff expected to be back in the office five days a week starting in January. Previously, staff had the flexibility to work from home two days a week.

Read article
February 21, 2024
Action Fraud warns of remote access scams

Action Fraud has received over 30 crime reports since June 2023 relating to remote access scams targeting businesses, with victims reporting losses totalling over £3.8 million.

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September 18, 2023
Google AI training for start-ups and small businesses

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February 21, 2024
The Autumn Statement is scheduled for 22 November 2023

The Chancellor of the Exchequer, Jeremy Hunt, has confirmed that the Autumn Statement will be on 22 November 2023. The Autumn Statement can affect tax policy, benefits, and much more. The Chancellor will make his announcement to Parliament, setting out the Government’s plans on all matters fiscal and economic. Interestingly, this could be the Chancellor’s last statement before the next General Election, depending on the time frame that the government chooses.

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February 21, 2024
ICO consultation on the draft biometric data guidance

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AI Safety Summit

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February 21, 2024
Creating value through innovation

Innovation has generally been recognised as essential for value creation, both for individual companies and for the UK economy as a whole. The development of new ideas, processes, and technologies and their flow across different sectors is a significant driver of economic growth and productivity. Recently, innovation has also been identified as crucial to the transition of the economy away from fossil fuels and carbon-intensive business activities.

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