VAT Advice

VAT Advice

VAT affects almost every business transaction; our VAT advisers can help you to minimise your liability every time.

Although, in principle, VAT is a simple concept, the legislation and regulations governing VAT are ever changing, making it a complex area. Our specialist VAT advisers can do the hard work for you by checking on the latest VAT position before you make any commercial decisions.

We are specialists in this field; not only do our advisers understand the complex UK and European rules, they also know how these rules and interpretations might affect your business. It is an area of increasing complexity as the UK prepares to formally exit the European Union. We also appreciate that every organisation is different and so the emphasis of our work is to understand your individual problems and support you by resolving them in a practical and realistic manner.

Planning for VAT will ensure you only pay what is required. We offer advice on the most tax efficient way to structure specific transactions, including acquisitions, disposals, reorganisations and property deals.

The consultancy and advisory services we offer include:

• New ventures
• Partial exemption methods
• Property deals
• Corporate finance
• Seeking formal rulings
• Disputes with HM Revenue & Customs
• VAT registrations and de-registrations
• VAT administration and compliance; completion of VAT returns and dealing with associated problems; errors or corrections
• VAT reviews, health checks and due diligence investigations

 

We can review your VAT accounting systems and procedures to ensure you avoid penalties for innocent errors or where VAT is accounted for in the wrong VAT quarter.

As well as highlighting errors that could prove costly if identified by HMRC, we can help you evaluate your current operations to identify areas of VAT risks, assess present controls within these areas, advise on any improvements necessary, and highlight potential savings that can be made.