VAT

Value Added Tax is one of the most complex of taxes and requires careful planning to ensure that businesses do not under or overpay. We work closely with you to guide you through the ever increasing and changing legislation in this area.

We can assist with the initial registration process, the selection of the most appropriate VAT scheme, advise on record keeping to ensure that the maximum amount of VAT is recovered and help with completion of returns.

It is vital to file accounts and timely VAT returns to HMRC including reporting on European sales and purchases. There is a heavy penalty for failing to comply.

We also advise on how to minimise the risk of problems with HMRC and, should disputes arise, we can help in the negotiations and if necessary represent you at VAT tribunals.

VAT is a European tax and via our membership of the Alliott Group international alliance we have colleagues across Europe who have the expertise to assist clients with European business, whether concerning the VAT implications of trading in Europe or simply the reclaim of VAT suffered overseas

We can also act as VAT agents for overseas clients wishing to do business in the UK.

Our Specialists Can Provide Advice on the Following:

• land & buildings, including construction and related services
• the treatment of transfers of businesses as a going concern
• international services, including the place of supply rules
• cross border movement of goods, including distance selling
• electronic commerce
• considerations for charities
• financial services
• partial exemption methods
• disputes with HM Customs & Excise, including the penalty and interest regimes

To discuss your VAT needs and how we can help please David Gibbs