Services
Registrations & Compliance
We can check whether you are required to register following breaching the threshold or help you decide whether being registered would be beneficial to your business. We can complete and submit the registration application and, once registered, ensure your ongoing obligations are met by submitting your VAT returns.
We can also take care of cancelling your VAT registration if your turnover goes below the deregistration threshold.
VAT Groups
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, and once the group is formed, take care of the ongoing compliance by filing the group VAT returns.
VAT Health Check &
Error Corrections
We can review your VAT records and check everything is being processed correctly to ensure that all eligible VAT is being recovered. We can also help recover any eligible VAT that has not been reclaimed.
If any significant errors are identified, they must be disclosed to HMRC. Disclosing errors voluntarily reduces any potential penalties.
Transfers Of Going Concerns
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 so, not only saving on the VAT but as a result, would reduce the amount of Stamp Duty Land Tax.
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 ensure you are reclaiming as much VAT as possible by maximising the VAT recovery rate.
If the standard method is not giving you optimum VAT recovery, we can explore and help implement a special method.
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.
General Queries & Advice
We can advise on all VAT related matters from imports, exports and other international transactions, to construction and property, margin schemes, and much more. Whatever your VAT needs are, we can provide a tailored hassle free solution.
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