COST-EFFECTIVE VAT ADVICE
We provide a practical, timely and cost-effective VAT advice and support.
Embracing the complexities of VAT at an early stage is not always easy, but it does reap rewards. With the right approach VAT recoveries can be maximised, VAT on sales can be minimised and the cash-flow impact of VAT can be better managed. Those dreaded VAT inspections can also be managed to either be avoided, or become much less of an ordeal.
OUR VAT SPECIALISTS
Our VAT specialists, led by Richard Collier, work with you to promote your business to help maximise your potential. VAT doesn’t always have to be a threat. We have an excellent track record of defending clients and achieving successful outcomes when things go wrong.
As part of an international network, we can leverage our contacts to provide you with global advice on VAT or sales tax regimes to facilitate your growth cross-border.
Sectors Specific VAT Advice
- Real estate transactions, property development/construction, property rental and management
- High net worth individuals with property interests
- Financial services covering corporate finance, mergers & acquisitions, investment market listings, fund management, and financial intermediaries
- The technology sector, from start-ups to established operators across a variety of sectors covering Fintech, DEFI, Crypto, Blockchain, NFT, SaaS, and online retail sectors
- Hospitality sector including bars, restaurants, retail food outlets and leisure/holiday providers
- Healthcare solution developers, healthcare providers, care homes
- Professional service providers including Law firms, Accountants, Architects etc. where we work closely to support mutual clients
- Charities, not-for profit, Local Authorities and quasi-governmental organisations
- International commerce and transport
- Retail Investment sector; Art, Investment Gold, bullion, fine wines, high-value motor vehicles and tradeables.
Key VAT Services
- VAT Structuring, business consultancy, intercompany group, and cash-flow management
- Corporate restructuring, change management, finance market listings, and raising finance
- Partial exemption and PESM structuring and negotiation
- VAT reclaim and risk reviews to identify VAT recovery opportunities and risk
- HMRC investigations and dispute resolution as well as corporate VAT disputes and solutions
- Error corrections, penalty mitigation, and negotiation
- Non-statutory VAT clearances to achieve certainty and uncertain tax treatment notifications
- VAT Liability and Transaction review
- International and post-Brexit trade
- VAT and group registrations, VAT returns, and compliance
- Staff training and in-house support.
VAT for Other Professionals
Our specialist VAT team provide flexible and cost-effective advice to other professionals including accountants, lawyers, architects and surveyors. Contact us for further information.
VAT HEALTH CHECKS
For existing businesses, our VAT health check aims to give your business peace of mind that it is compliant with all relevant rules, as well as highlighting opportunities for VAT savings and efficiencies. We can review:
- VAT accounting processes and systems
- The liability of income streams
- VAT recovery position, including partial exemption methods
- Specific issues or one-off activities
- Special accounting schemes, such as the flat rate or cash accounting schemes
- Pre-HMRC visit review.
INTRODUCTORY MEETING
CONTACT US TO ARRANGE AN INTRODUCTORY MEETING, OR FOR A QUOTE.
RICHARD COLLIER
VAT Director
Richard is a Chartered Tax Adviser who has specialised in VAT since 1995. Richard has advised major multinationals, owner managed businesses, public companies, private clients, trusts and charities on a full range of VAT, as well as international trade and customs duty issues, and has extensive experience of UK and EU VAT law and additional experience of customs duty issues.
ANGEL YEUNG
Senior VAT Consultant
Angel is an ACCA qualified Senior Consultant with extensive experience advising private individuals and companies on international transactions, Tour Operator Margin Schemes (TOMS), VAT for Restaurants including zero rated and cold-food, VAT on property transactions and HMRC VAT inspections.
RELATED VAT NEWS
30 May 2022
Many businesses and individuals own UK properties that contain a mix of residential and commercial property. A common example in large towns and cities is a […]
10 May 2022
Airbnb is ever more popular and a great way to improve returns on property rentals. However, a simple rental business can nevertheless generate VAT headaches. Standard […]
16 March 2022
From April 2022, it will be mandatory for all VAT registered companies, regardless of their turnover, to submit their VAT returns via Making Tax Digital (MTD). Up until this point, MTD VAT returns was compulsory only for VAT registered companies with a turnover above the VAT threshold of £85,000.
19 October 2021
As of 30th September, the temporary 5% reduced VAT rate for hospitality, holiday accommodation and attractions has been increased to 12.5% which will be in place until 31 March 2022, after which it will revert […]
17 June 2021
For those who took advantage of the HMRC VAT deferment scheme last year, the potential to delay repayment until 2022 runs out on 21 June.
4 March 2021
The Chancellor has attempted to strike a balance between continuing to prop up the businesses worst affected by COVID-19, while setting out a roadmap to wean the UK economy off this emergency support.
3 March 2021
The Chancellor, Rishi Sunak, delivered the 2021 Budget on 3 March 2021. Our specialist Personal and Corporate Tax Teams have summarised the key announcements below, with a full report to be published on Thursday 4th March 2021.
3 February 2021
Businesses that took advantage of the COVID-19 VAT payment deferral scheme, allowing them to defer VAT payments due between March 2020 and June 2020 until 31 March 2021, can now apply for an optional extension.
9 January 2021
HMRC have published detailed rules for sales of consignments of goods valued at or below £135. For some time HMRC have been concerned that overseas vendors were not charging and accounting for UK VAT and these rules seek to remedy this.
8 January 2021
As of 1 January 2021, there are changes to the VAT reclaim procedures for UK businesses (including Isle of Man businesses) that incur EU VAT, and vice versa.
