VAT
Value added tax is arguably the most illogical
and complicated of all the taxes. In addition, it is 'policed'
the most robustly by the relevant tax authority when you get it
wrong. Because of this, and because of the
tax planning opportunities which exist for this tax, we have
established a specialist team to advise on all VAT matters.
Depending on your particular circumstances, the
VAT areas where you may require assistance include:
- VAT Registration,
- Providing book-keeping
services, from which we prepare quarterly VAT Returns and
Management
Accounts,
- Performing a tax
healthcheck prior to a VAT Control Visit and assisting you
during this examination.
- VAT advice in relation to a particular transaction or set
of circumstances.
- VAT De-registration.
Calculating and disclosing your VAT liability to
HM Customs and Excise is principally achieved by completing normal
monthly, quarterly or annual VAT returns. Clients who are fearful
that this calculation may be
investigated by Customs may wish to consider taking out our
fee protection insurance.
Seek our advice
in structuring your financial affairs and calculating your net
VAT position and rest assured that you will not be paying any
more VAT than you absolutely have to. In addition, we shall complete
all of the necessary paperwork for you and communicate with Customs,
on your behalf.
Practical Examples of our VAT Expertise
- Structuring your affairs to delay
payment of VAT to Customs.
- Examining the potential advantages to you of transfering
onto the VAT Flat Rate Scheme.
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- Advising in relation to Options to Tax and other aspects
of VAT and property transactions.
- Setting up and operating a VAT partial exemption scheme.
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