VAT

Value Added Tax (“VAT”) impacts on all aspects of business life.  VAT is a “transaction tax” and it also has real time implications so if you miss the opportunity to plan in advance for a transaction it is often difficult to achieve efficiencies retrospectively.

The costs of errors can be quite considerable and can increase a business' risk profile with the authorities, which may also impact on other taxes. Furthermore, the new penalty regime introduced last year means that even simple errors can prove costly!

Therefore, the best approach is to factor VAT into the planning process well in advance so that proper consideration can be given to the available options for minimising the effects of VAT.   We believe there is no substitute for knowledge and experience and our team of highly qualified advisors can guide you through the issues whether your query relates to a single transaction or a more complex business deal.

In addition, the day to day VAT compliance, too, requires careful management and, as the rules become more complex, it can saddle your business with considerable administrative burdens.

Therefore our VAT team can assist in all areas of VAT compliance and consultancy, which includes the following:

  • Audit
  • Compliance (VAT returns, EC Sales Lists, Intrastat returns etc)
  • Consultancy
  • Corporate Finance
  • Annual VAT Health Checks etc

Our VAT specialists include ex HMRC inspectors who don’t just understand the law, they are in tune with the practicalities of dealing with the issues and corresponding with HMRC.

We are here to help whatever the nature and size of your business or whether it is local or international so if you have any queries, please do not hesitate to call and see what a difference our highly qualified team can make.

More Information

For further advice do not hesitate to contact:

Joyce Nicolson This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Mike Whittall This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Or call 01224 625111