VAT
VAT Services
VAT is a notoriously complicated tax; more frequent inspections and a harsher penalty regime introduced recently mean the risks it brings have never been higher. We understand that as VAT is a transaction based tax and consequently our clients usually demand a quick answer.
Practical Assistance
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Prepare and submit to HMRC
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VAT registration or deregistration application
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VAT return
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Amendment to existing group registration
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Error correction
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Partial exemption special method application
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Partial exemption standard method calculation or review
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Business/non-business apportionment
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Option to tax
Advising on VAT
Beyond the practicalities, we also provide VAT advice to maximise the efficiency of your business.
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Comprehensive VAT reviews to enable your business to take a proactive approach to its VAT affairs
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Consider any VAT issues that might arise from your plans to ensure VAT doesn’t compromise these arrangements
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Advise how to legitimately maximise VAT recovery on costs
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Find the most suitable VAT scheme for your business
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Advise whether voluntary VAT registration is beneficial even if your turnover is below the VAT threshold
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Providing advice on specific high-value transactions including the acquisition or sale of a business or a property
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Advise on the conditions for a sale or purchase of a business to be treated as a VAT transfer of a going concern
VAT On Land And Property
Navigating the intricate landscape of VAT treatment for land and property transactions requires a depth of expertise that we proudly possess. With a profound understanding of both the technical intricacies and real-world applications, we bring a sense of assurance to your financial journey.
Making Tax Digital
It is compulsory for all VAT registered businesses to submit returns to HMRC via MTD compliant accounting software, and to maintain digital records to support the returns submitted. We can ensure you are fully MTD compliant.