VAT & Indirect Tax
Service Offerings
VAT Registration and Compliance
Our team assists businesses with VAT registration, ensuring compliance with HM Revenue & Customs (HMRC) requirements. We provide ongoing support to help you meet your VAT filing obligations accurately and on time, minimising the risk of penalties or disputes.
VAT Advisory and Planning
Benefit from expert VAT advisory services tailored to your business needs. Our advisors offer strategic VAT planning advice to optimise your VAT position, maximise available reliefs and exemptions, and minimise potential VAT liabilities.
VAT Returns Preparation
We handle the preparation and submission of your VAT returns, streamlining the process and ensuring accuracy in VAT calculations. Our team ensures that your VAT returns are filed correctly and promptly to avoid any compliance issues.
VAT Compliance Reviews
Our comprehensive VAT compliance reviews help identify potential areas of risk or non-compliance within your VAT processes. We assess your VAT procedures, documentation, and systems to ensure they meet regulatory requirements and best practices.
Indirect Tax Advisory
In addition to VAT, we provide guidance on a range of indirect taxes, including customs duties, excise duties, and other transactional taxes. Our advisors help you understand the implications of indirect taxes on your business operations and develop strategies to mitigate risks.
Compliance Assurance
Our expert team ensures that your business remains compliant with VAT and indirect tax regulations, minimising the risk of penalties or disputes with tax authorities.
Tax Efficiency
We help optimise your VAT position and minimise indirect tax liabilities through strategic planning and advice, ensuring that you benefit from available reliefs, exemptions, and allowances.
Cost Savings
By outsourcing your VAT and indirect tax compliance to us, you can reduce administrative burdens and overhead costs associated with managing tax obligations in-house.
Risk Management
Our proactive approach to VAT and indirect tax advisory helps identify and mitigate potential risks, protecting your business from unexpected tax liabilities and compliance issues.
Expert Guidance
Benefit from the expertise of our experienced tax advisors, who provide tailored solutions and practical advice to address your specific VAT and indirect tax challenges.
How Can I Get Started with Your VAT & Indirect Tax Advisory Services?
To get started, simply contact our team to schedule a consultation. Our experienced tax advisors will assess your VAT and indirect tax needs, discuss potential compliance issues, and develop tailored strategies to optimise your tax position.
What Are the Penalties for VAT Non-Compliance?
VAT non-compliance can result in penalties, fines, and interest charges imposed by HMRC. Penalties may vary depending on the nature and severity of the non-compliance. Our advisors can help you avoid penalties by ensuring compliance with VAT regulations.
How Can I Optimise VAT Recovery and Minimise Liabilities?
Our VAT advisory services include strategic planning and advice aimed at optimising VAT recovery and minimising VAT liabilities. We assess your business activities, transactions, and supply chains to identify opportunities for VAT optimisation.
Can I Reclaim VAT on Business Expenses?
Yes, businesses registered for VAT can generally reclaim VAT on eligible business expenses incurred for business purposes. Our advisors can provide guidance on the VAT recovery rules and assist with maximising VAT reclaims.
What VAT Schemes Are Available for Small Businesses?
Small businesses may benefit from various VAT schemes, including the Flat Rate Scheme, Cash Accounting Scheme, and Annual Accounting Scheme. Our advisors can help you understand the eligibility criteria and benefits of each scheme.
How Often Do I Need to File VAT Returns?
VAT returns are typically filed on a quarterly basis for most businesses. However, businesses with annual VAT liabilities below £1.5 million may be eligible to join the VAT Annual Accounting Scheme or submit VAT returns on a monthly basis.
Do I Need to Register for VAT?
VAT registration is required for businesses with taxable turnover exceeding the current registration threshold, which is £90,000. Our advisors can assess your business activities and turnover to determine whether VAT registration is necessary.