info@wongyipaccountants.co.uk | phone/whatsapp: +44 7599 614875
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CHARTERED ACCOUNTANTS IN THE UK AND HONG KONG
UK VAT
UK VAT
UK VAT registration and procedures
Registering for VAT
Determining whether or not to register for VAT, filling out and submitting forms
Declaration of VAT
Prepare and submit VAT declarations for clients to ensure that the content is applicable and in compliance with regulations
Planning VAT
According to the business and actual situation of the enterprise, find ways to exempt and offset value-added tax, so as to reduce the burden of value-added tax on the enterprise
Audit VAT
When encountering a tax agency review, our professional accountants will help you communicate with the agency and resolve dispute
Introduction to UK VAT
Since there is no Value Added Tax (VAT) in Hong Kong, companies may encounter many doubts when dealing with VAT related issues. The so-called value-added tax means that when a company sells goods or services to consumers, it needs to pay taxes to the government (except food, books or other items) provided that the company's sales reach £85,000 or more.
UK VAT is not a uniform tax rate, but depends on different circumstances or types of goods. Therefore, when dealing with VAT, companies must be careful and carefully classify goods or services.
UK VAT rates
tax rate
percentage
Standard Rate
Most goods and services
20%
Reduced Rate
5%
Some goods or services, such as household energy, children's car seats
Zero Rate
0%
Most food items, children's clothing, newspapers, etc.
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FAQ
Wong & Yip Accountants – Chartered Accountants in Manchester
Over 30 Years of Accounting & Tax Expertise
Wong & Yip Accountants is a firm of chartered certified accountants (ACCA & FCCA) based in Manchester, with over 30 years of professional experience. We specialise in accounting, taxation, VAT solutions, business advisory, and cross-border services.
Our mission is simple: to be the most professional, reliable, and trusted local accounting practice in the UK, helping clients grow with confidence.
Why Choose Wong & Yip Accountants?
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30+ Years of Experience – trusted by thousands of businesses across the UK and globally.
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Trilingual Support – English, Native Cantonese, and Native Mandarin-speaking ACCA-qualified accountants
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Specialists in the Oriental Market – we share your culture, language, and community.
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Client-Centred Approach – “Clients First” is our philosophy. Every solution is tailored to your unique needs.
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One-Stop Business Solutions – from UK tax compliance to cross-border e-commerce support.
Industries We Serve
Our clients range from small start-ups to multi-million-pound businesses with turnover between £20,000 and £5,000,000.
We serve a wide variety of industries, including:
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Takeaways & Restaurants
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Traditional Chinese Medicine Practitioners
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Sourcing & Trading Agents
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Cross-Border E-commerce (Amazon, eBay sellers, Shopify stores)
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Law Firms & Legal Practices
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Telecoms & Education Agents
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Construction & Engineering
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Printing & IT Services
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Landlords, Taxi Drivers, Investors, and Translators
We also collaborate closely with law firms, immigration consultants, and financial asset managers, ensuring a comprehensive one-stop service for our clients.
Our Services
At Wong & Yip Accountants, we provide a full range of services, including:
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Accounting & Bookkeeping
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UK VAT Solutions & Compliance
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Corporate Tax & Personal Tax Planning
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Payroll & PAYE Management
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Cross-Border E-commerce Solutions
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Global IP & Trademark Advisory
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Business Advisory & Management Consulting
Empower Your Global Ambition With Us – we combine technical expertise with cultural understanding to deliver results that help your business grow.
Recognition & Memberships
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Member & Fellow Member of ACCA (Association of Chartered Certified Accountants, UK)
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Trusted Tax Advisors for Amazon & eBay Sellers
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Nominated for E-commerce Agent Awards – recognised for our efficient and diligent support of online sellers.
What Our Clients Say
“Wong & Yip Accountants is the most trustworthy firm. They are highly competent and always put my business interests first. I have complete confidence in them, and I have no hesitation in recommending them to you!”
— Sam Leung, Nougart
“Since moving our business to Wong & Yip Accountants, I’ve been impressed by their professionalism, friendly attitude, efficiency, and the consistently high standard of advice and service.”
— Chris, Wakuwaku Japan
“For nearly 30 years, we have benefited from first-class, bespoke payroll and business advisory services from Wong & Yip Accountants. Their combination of skill, efficiency, and professionalism—while remaining approachable—makes them an integral part of our team. We would have no hesitation in recommending their services.”
— Alex, UKTesla
“Wong & Yip Accountants took the time to truly understand our business from the inside. Their recommendations proved invaluable, transforming the way we work.”
— Kurl, Interpropset
“Wong & Yip Accountants are proactive and supportive in every new business venture, enabling me to make informed commercial decisions with confidence. We wouldn’t be where we are today without them. Highly recommended.”
— Tracy, Woodland International
Leadership
Henry Yip, BA, FCCA, HKICPA
Henry Yip is recognised as one of the UK’s leading experts in non-UK domicile taxation. With a strong entrepreneurial and commercial mindset, he has helped hundreds of clients succeed in their UK and international business ventures.
