UHY Hacker Young | Chartered Accountants

VAT advice in Birmingham

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, including the new Making Tax Digital (MTD) requirement making it a complex area for businesses. It makes sense therefore to engage a specialist VAT advisor to check on the latest VAT position before making any commercial decision.

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:

  • VAT Planning and Structuring
  • Dealing with HMRC Investigations
  • VAT registrations and de-registrations
  • VAT administration and compliance, completion of VAT returns and dealing with associated problems, errors or corrections
  • VAT Audit – In preparation for a visit from HRMC
  • VAT reviews, health checks and due diligence investigations
  • Review of your VAT accounting systems

We can review your VAT accounting systems and procedures to ensure compliance with the Making Tax Digital filing requirements and 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.

The next step

For more information, or to find out how our VAT accountants can help you with value added tax, please contact one of our VAT advisors.