VAT

Value-added tax (VAT) is a tax that’s levied on goods that have had value added at each stage of the supply chain. Most businesses with annual sales at the VAT threshold or higher have to register for VAT. And even if your sales are below that level, you can register on a voluntary basis. VAT can be confusing, though, with different rates, options and, in some cases, quite complex rules to consider. There are lots of detailed industry-specific rules that apply in various circumstances. So getting professional advice is always a good idea.

As specialists, we can help you:

• Consider whether you should register voluntarily
• Run a ‘health-check’ of your systems if you’re already VAT-registered
• Make sure you’ve considered any of the applicable special VAT schemes

To comply we can assist with…

• Registering for VAT, or deregistering
• Completion of VAT Returns and advise on what rules apply
• VAT planning
• Dealing with any disputes that arise with HMRC
• Assistance with VAT inspections