Accountants for the Self Employed

We cover all aspects of payroll, bookkeeping, accounting, and tax preparation services for the UK. We have been offering accounting services since 2011. We have extensive expertise across multiple industries and business types

Who we are?

We have 11 years of experience in Accountants for the Self Employed

We offer hassle-free accounting for almost any self-employed professional and provide dedicated accounting support to remove any worries you have running your business. We can make your HMRC worries, or bookkeeping woes disappear with a low-cost monthly service, designed specifically with the self-employed workforce in mind.

Lunar Consultancy Tax Accountants for the Self Employed

Some of our services

Lunar Consultancy has over a decade of experience. Leave your worries behind, with the knowledge that Lunar Consultancy can take care of everything.

FAQs: VAT Management

Value Added Tax, or VAT, is a business tax that is charged on the sale of goods and services in the UK. The standard rate of VAT is 20%, however certain goods and services are charged at 5% or 0%. VAT collected by VAT registered businesses is reported and paid over to HMRC every quarter.

The Flat Rate VAT Scheme is an alternative way for limited companies to work out how much VAT to pay HM Revenue and Customs – a perk you can enjoy as a contractor working outside IR35.

The scheme is an incentive provided by the government to help simplify taxes. Using the standard VAT accounting method means that every quarter you will be required to fill in a VAT return form. However, since some contractors are eligible to join the Flat Rate VAT Scheme, you charge a standard rate of 20% on your invoices but pay HMRC a lower rate.

Yes, provided your annual turnover is below £85,000, you can voluntarily deregister from the FRS. All that you would need to do is contact our friendly customer services team and we would liaise with HMRC and take care of all the necessary administration on your behalf.

You do not need to be a Ltd business to be VAT registered. As a self-employed sole trader, you are, in fact, your own business. You work for yourself and are entitled to the benefits of being VAT registered.