VAT
As much as 15 per cent of a business' cash flow is tied up in
VAT, so it is crucially important to manage payment and compliance
efficiently and effectively.
This increasingly complex area of tax costs businesses dear if
VAT issues are not resolved promptly, or VAT saving opportunities
are missed.
Our specialist VAT team comprises technically gifted individuals
who are extensively experienced in highlighting potential VAT
problems and identifying ways of reducing VAT costs.
- As well as advising on VAT registration and tax planning,
our team offers valuable guidance on the highly complex rules
covering areas such as the acquisition or disposal of
businesses
- We carry out a free initial review of your VAT position
to establish whether there have been any underpayments or over
payments
- In addition we advise on matters specific to your
businesses and can resolve any of your VAT-related questions or
potential problems
- Dealing direct with HM Revenue and Customs is proving
increasingly difficult, and we are experienced in obtaining
rulings, submitting voluntary disclosures and options to tax, as
well as liaising with VAT inspectors
- VAT rules change quickly and updates in legislation and
case law developments are complex and time consuming. We ensure
your business is informed of any changes - including retrospective
ones which create opportunities for refunds
If your business has been involved in any of the following
situations, a VAT review may well lead to a significant reduction
of your tax burden.
- Commercial or domestic property purchase, sale, development or
construction
- Receiving grant or other non-business income
- Partially exempt with a without a special
method
- Cash flow problems
- International trade
- Receiving assessments or default surcharges from HM
Revenue & Customs
For further information or to speak to an advisor contact the team or
send a quick
enquiry.