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GuidesBlogAboutContact Start the checkHome / Who we help / Accountants for importers
Accountants for importers in South Wales who sort the import VAT
Accountants for importers usually get called in after the first shipment lands. The duty, the freight agent invoice and the import VAT do not match the books.
Most importers we meet are unsure whether the import VAT in their records is right, or what the freight agent actually charged for. We sort the figures and we deal with HMRC. Tax investigation cover is included free for every client.
In one lineSupreme Consultants is an AAT licensed accountancy practice at Titan House in Cardiff Bay. It does bookkeeping, import VAT, payroll, year-end accounts and corporation tax for importers across South Wales on a fixed fee agreed before work starts. Tax investigation cover is included free for every client.
Check we’re the right fit
A few questions about your business. Mudassir replies the same working day.
Thank you Mud, your help and support with my VAT return is greatly appreciated. Always a prompt response and my difficult VAT return was quickly submitted and resolved. Would definitely recommend.
5.0 on Google from 14 reviewsReply the same working dayFee fixed before we startEnglish, Urdu, Hindi and Farsi spokenIs your import paperwork in good hands? Three questions.
Answer with the buttons and you get a straight read on where you stand.
Question 1 of 3
Does your accountant reply the same working day?
Do you know your fee will not change this year?
If HMRC queried your import VAT tomorrow, would they deal with it at no extra cost?
That is a real gap, and import VAT is where it shows up first. Start the check and Mudassir will come back to you the same working day.
Start the checkYou are in a reasonable position on most of it. There is one thing here worth a conversation before your next VAT return.
Start the checkYou are well served and there is no reason to move. Read the guides and keep our number for the day something lands that nobody can explain.
Read the guidesWhat you get
We deal with HMRC when the letter comes
If HMRC opens an enquiry we handle it and you pay us nothing extra. Other firms sell that cover as an add-on for £300 to £1,000 a year. Every HMRC investigation we have handled, we have won.
Import VAT that matches your VAT return
We check your import VAT records against the freight agent invoices before the quarterly return goes in. You see what the goods really cost once duty is in.
A fee you know before we start
The fee is agreed in writing first. Ring us when a customs charge appears that nobody warned you about and it costs nothing.
What importers tell us when they first call
These are the three things we hear most from owners bringing goods into the UK.
“My freight agent sends one invoice with duty, VAT and their fee on it and I just pay it.”
The whole lump went in as a cost, so the VAT on it was never reclaimed.
“I started importing before I registered for anything and now HMRC has written to me.”
The letter sat for three weeks because nobody could tell him what it meant.
“I do not know what a unit costs me by the time it reaches the warehouse.”
He was pricing against a number that left out duty and shipping.
What changes once we take it on
Your purchase ledger separates duty, shipping and import VAT from the goods themselves. Each VAT return is checked against the import records before it is filed. You know the landed cost of what you sell.
How this compares with a general accountant
Plenty of good accountants do not see import paperwork often, and it shows in the books.
An accountant who sees your books once a year
You hear from them after the year end.
The freight agent invoice goes in as one lump.
A ten minute call turns up on the next invoice.
Tax investigation cover is an add-on at £300 to £1,000 a year.
With Supreme Consultants
A reply the same working day.
Duty, shipping and import VAT split out line by line.
Calls, meetings and emails are never charged.
Tax investigation cover is included free.
Eight questions about your import set-up
Answer these honestly and you will see where the holes are.
Do you have an EORI number registered to your business?
You need one to bring goods into the UK in your own name.
Are your import VAT records checked against your VAT return each quarter?
This is the most common place figures go missing.
Is the freight agent invoice split between duty, VAT and their own fee?
Posted as one lump, the VAT on it never gets reclaimed.
Do you know what a unit costs once duty and shipping are in?
Without that number your margin is a guess.
Do you know which VAT treatment you are using on imports?
We check this before the first return we file for you.
Are purchases in foreign currency converted at a consistent rate?
Mixed rates make the year-end accounts disagree with the bank.
Does your accountant reply the same working day?
We do, and if the answer takes longer we say that day when it will come.
Would an HMRC VAT check cost you extra in accountant fees?
With us it does not, because the cover is included.
What we do for your import accounts and VAT
The whole compliance job on one fixed fee, with the import side checked properly.
All Who we help- Bookkeeping for landed costs
- Duty, shipping and agent fees kept separate from the goods in cloud software. Free move to Xero if you want to switch.
- VAT returns and import VAT
- Registration, the scheme, Making Tax Digital records and quarterly returns. We reconcile the import records before anything is filed.
- Company, VAT and EORI set-up
- One founder importing from Asia had the idea and no paperwork. We set up his limited company and registered him for VAT and an EORI number so he could import legally.
- Accounts and corporation tax
- Year-end accounts and the corporation tax return prepared, filed on time and explained in plain English.
- HMRC enquiry support
- We answer HMRC for you. Tax investigation cover is included free for every client.
What the free investigation cover means when HMRC asks about your VAT
Importers get VAT queries because the numbers move between countries, currencies and agents. Every HMRC investigation this practice has handled, it has won.
Clients described by type. Names withheld.
- How it was found
- We include it free for every client and deal with HMRC ourselves when an enquiry opens.
- What happened
- You do not pay us extra to answer HMRC, and you are not left writing the reply yourself.
Reviews from clients
Thank you Mud, your help and support with my VAT return is greatly appreciated. Always a prompt response and my difficult VAT return was quickly submitted and resolved. Would definitely recommend.
I just want to say a big thank you to Mudassir for all the advice, guidance and help he has provided whilst dealing with my accounts and tax returns. From start to finish the service has been excellent and professional. Unlike other accountancy firms they provide a friendly personalised service, I was very clear on the process and was even provided with additional guidance where needed. Highly recommended!
Friendly, nice 👌 , helpful and great all around
Difficult to describe as there are too many words that can be expressed for a wonderful accountant and their firm.
Definitely 🔝 and highly recommended in Wales 🏴 and throughout the UK for Accountancy and Tax Services
Shaz Khan
Getting started
Four steps from your first answer to knowing where you stand.
- Before you join
Your fee agreed in writing
You answer a few questions on the site. Mudassir reads them and replies the same working day, and we agree the fixed fee before any work starts.
- Week one
Records moved across for you
We complete your ID checks and write to your current accountant for your records. HMRC and Companies House authorise us as your agent.
- First month
Past returns and VAT checked
We go through your past accounts, tax returns and HMRC records. Unclaimed reliefs, payments on account set too high and penalties worth appealing turn up here.
- By ninety days
Deadlines mapped for the year
We sit down with you on how you pay yourself and on your bookkeeping set-up. You know what is coming up and who to call.
Who we are not right for
We do not take on CIS construction subcontractors.
We do not do charity accounts.
We cannot pick up a business that is already late in an HMRC investigation.
If you are importing and trading in South Wales or over the bridge in Bristol, start the check and we will tell you straight.
Accountants for importers: questions people ask
What do accountants for importers cost?
We agree a fixed fee in writing before any work starts, based on what you actually need: bookkeeping, VAT, payroll, accounts and corporation tax. The fee does not move during the year. Calls, meetings and emails are never charged on top, so asking us about a customs charge costs you nothing.
How do I switch to you from my current accountant?
You answer the questions on this page and we reply the same working day. If we are a fit, we agree the fee, complete your ID checks and write to your current accountant for your records. You do not have to make that call. Companies House ID verification is done free for clients.
What happens if HMRC writes to me about my import VAT?
Send it to us and we deal with HMRC for you. Tax investigation cover is included free for every client, where other firms sell it as an add-on for £300 to £1,000 a year. Every HMRC investigation we have handled, we have won. We cannot take on a business already late in an investigation.
Do I have to change my accounting software?
No. We work with the cloud software you already use and keep your records up to date in it. If you want to move to Xero we do the migration free. We will tell you plainly if your current set-up cannot handle duty and import VAT properly.
Can you register me for VAT and an EORI number before I start importing?
Yes. We handle company formation as part of ongoing work, VAT registration and the EORI registration you need to bring goods into the UK in your own name. We did exactly that for a founder importing products from Asia who did not know where to begin with the paperwork.
Do accountants for importers need to be local to me?
Not strictly, but most of our clients are. Over 90 per cent are in South Wales, with Cardiff first, then Newport, Swansea, Caerphilly, Barry and Port Talbot, and Bristol over the bridge. Work is done remotely, in person at Titan House in Cardiff Bay, or a mix of both.
Three ways to take the next step
Start the check
Answer the questions and Mudassir reads them and replies the same working day with what we would do and what it would cost.
Start the checkGot a question about import VAT first?
Ask Mudassir and you get an answer, with no charge for the call or the email.
Ask Mudassir a questionStill deciding
The guides explain what HMRC asks of importers and what your accountant should be doing about it.
Read the guides