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, property development and management
- Law firms, accountants, architects and other professional practices
- Restaurant, hotel and hospitality
- Financial services
- Aircraft/yachts
Key VAT Services
- Managing income, VAT registration and group VAT registration
- VAT trading and incorporation
- Preparation of VAT returns and VAT compliance
- International trade, including import and export
- Corporate restructuring, listings and raising finance
- Businesses trading between the EU and the UK – Brexit
- Making Tax Digital (MTD) and VAT MOSS
- VAT tax investigations and disputes
- Transaction and product treatment
- Non-statutory VAT clearances
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 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
VAT Assistant Manager
Angel is an ACCA qualified VAT Manager 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
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.
22 December 2020
Whilst the UK technically left the EU at the start of 2020, we have been operating on a stand-still basis under the same VAT rules during […]
3 December 2020
During 2020, despite having left the EU, existing rules continued in the UK. As of 1 January 2021, even with the agreed free trade deal, there […]
