With VAT affecting almost every business transaction, our specialist VAT advisors can help you to minimise your liability.
Although in principle, VAT is simple in its basic concept, the legislation and regulations governing VAT are ever changing, making it a complex area. It makes sense therefore to engage a specialist VAT advisor to check on the latest VAT position before making any commercial decision.
Specialist VAT advisors
Our VAT advisors are specialists in their field. Not only do they need to understand the complex UK and European rules and the effects of all cases, but also how those rules and interpretations can affect your business.
We appreciate that every organisation is different and the emphasis of our work is to understand individual problems and resolve them in a practical and realistic manner to support you.
VAT advice and guidance
Almost every business transaction has a VAT effect, so active VAT planning could result in savings being made.
We offer advice on the most tax efficient way to structure specific transactions, whether they are acquisitions, disposals, reorganisations or property deals. We will guide you away from the pitfalls and ensure that the necessary steps are taken to minimise your liability to VAT. The services we offer include:
- Consultancy advice in relation to:
- new ventures
- overseas businesses
- international trading
- partial exemption methods
- property deals
- corporate finance
- seeking formal rulings
- disputes with HM Revenue & Customs
- Litigation advice concerning:
- instructions for counsel
- VAT registrations and de-registrations
- VAT administration and compliance, completion of VAT returns and dealing with associated problems, errors or corrections
- advice in relation to VAT inspections and issues arising
- VAT reviews, health checks and due diligence investigations
- Review of your VAT accounting systems
We can review your VAT accounting systems and procedures, to help 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 will help you review 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.