VAT

Value added tax (VAT) is a sales tax collected by businesses on behalf of the Government. It is one of the most complex and onerous tax regimes imposed on businesses – so much so that many businesses inadvertently overpay or underpay. Both are, of course, equally problematic.

Determining the VAT rating of specific goods and services is a full-time job for accountants, lawyers and VAT tribunals. Often, there is very little apparent logic to it and it takes days or weeks of argument to reach a conclusion and establish a legal precedent. What’s more, VAT has only become more complex as the UK’s relationship with the EU has changed.

There are also different VAT schemes available depending on how your business operates, each of which delivers its own benefits and pitfalls.

Even the basics, such as knowing when you need to register for VAT, or when you should deregister, can seem confusing. Some businesses worry about crossing the VAT threshold and so, sadly, deliberately limit the growth of their business.

We provide both advice on VAT and hands-on support. Contact us today to get started with a VAT health check.

Our cost effective service which includes… 

  • VAT registration
  • VAT planning and administration
  • Advice on VAT schemes
  • VAT control and reconciliation
  • VAT returns
  • Negotiating VAT with HMRC
  • Representing your case in VAT tribunals

> Personal tax planning

The tax regime is getting more complex with more emphasis on taxpayers' individual responsibility. Proper planning can reduce your tax liabilities and help manage your money.

> Self assessment

They call it ‘self-assessment’ but many taxpayers struggle to understand the complex tax return process and so risk filing late, paying too much tax, or paying too little. Let us handle this for you and get it right.

> Estate planning

Few of us like to think about dying but, equally, few of us could live with the thought that we’ve failed to make adequate provision for the family and friends who survive us. That’s why planning matters.

> Retirement strategies

Everyone hopes to maintain the same standard of living in retirement as they enjoy while working, but to achieve that you need to start planning sooner rather than later.

> Trusts and executorships

Trusts are a relatively easy and tax efficient way to set aside assets for future beneficiaries, outside of the inheritance tax net that can so easily reduce the amount passed on.

> Forensic accounting and litigation support

At some point you will find yourself involved in a legal dispute over money. We can help establish the facts and advise during proceedings.

> Wealth management

We offer a wide range of financial planning advice covering investments, ISAs, pensions, retirement planning and strategic tax planning.

> VAT

Value added tax (VAT) is one of the most complex and onerous tax regimes imposed on business – so complex that many businesses inadvertently overpay or underpay.

Contact us

We offer free initial consultations to potential clients – call us today.
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