Services
Registrations and compliance
Registrations
We can check whether you are required to register following breaching the threshold, or help you decide whether voluntarily registering could be beneficial to your business.
We can advise on the advantages and disadvantages of forming a VAT group. If you decide to go ahead, we can complete and submit the registration application on your behalf.
If you are already VAT registered but wish to cancel your registration, we can advise you on the pitfalls to be aware of, and also help with every step of the process.
Compliance & VAT Health check
HMRC are conducting more compliance checks, so as well as preparing and submitting your VAT returns, we can carry out a VAT ‘health check’ to ensure everything is being processed correctly.
If any significant errors are identified, they must be disclosed to HMRC. Disclosing errors voluntarily reduces any potential penalties.
A VAT health-check could also help identify any unreclaimed VAT or VAT that has been overpaid due the incorrect VAT rate being applied. We can help you recover any VAT you are entitled to.
VAT Services
Transfer Of Going Concern
If you are buying a business, it must be treated as a Transfer Of a Going Concern (TOGC) if the conditions are met. If the purchase is eligible to be treated as a TOGC, it would be outside the scope of VAT.
Since there would otherwise be a significant amount of VAT involved, it is crucial that TOGC’s are done properly.
We can make sure everything is set up correctly to ensure the transfer goes as planned.
Option To Tax
Exempt supplies of commercial land or property can be made taxable by opting to tax them. We can notify HMRC of your intention to opt land and/or property.
If you already have opted land or property, but wish to revoke the option, we can advise how this could be possible even if still within the 20 year period.
Partial Exemption
Whether your business in newly partially exempt or has been for years, we can review your records to ensure you are reclaiming as much VAT as possible.
If the standard method is not giving you optimum VAT recovery, we can explore and help implement a special method.
Assistance & Advisory
HMRC Investigations & Compliance Checks
Whether something has triggered HMRC to initiate a VAT inspection, or your business has been selected for a VAT compliance check, we can guide you through the process and ensure your records are accurate and comply with VAT regulations. If errors are identified, disclosing them early to HMRC will help reduce any potential penalties.
Technical VAT Queries & Advice
We can advise on all VAT related matters from imports, exports and other international transactions, to construction and property, margin schemes, partial exemption and special methods, and much more. Whatever your VAT needs are, we can provide a tailored hassle free solution.
Dispute resolution
Whether you have a VAT dispute with a customer, supplier or even HMRC, we have the experience and expertise to help you resolve it.
Contact our dedictaed team to see how we can help you.