Within our VAT team we have members who specialise in land and property, international transactions, charities, education, healthcare and finance. We realise that VAT can be puzzling and time consuming therefore we provide an efficient cost-effective service tailored to your objectives that makes VAT less daunting. Additionally, we like to keep you up to date with the latest key issues and matters which enable you and your business to make proactive business decisions. Our VAT services includes:
To avoid complications with the Revenue it is beneficial to assess the VAT implications before a transaction takes place. We can advise on the implications in a format suitable to your requirements, summarising your options and considering the most tax efficient outcome. If you are concerned about your historical VAT records we can deliver a detailed VAT review and advise on any amendments required to comply with the VAT legislation.
We can assist you with your VAT registration and advise the most effective method of keeping your VAT records up to date and compliant with the Revenues requirements such as Making Tax Digital. You can choose to involve us as much or as little as you like when it comes to completing your VAT return from simply submitting your return on your behalf to a full bookkeeping service.
Everyone dreads that phone call from the VAT office to say they would like to inspect your VAT records. We recognise that VAT can be a complex area and innocent mistakes can easily be made. We offer a service to support our clients through the review and appeals process to ensure fair treatment where your VAT accounting treatment is challenged by the tax authorities.
Giving his Summer Statement on 8 July, the chancellor announced a headline measure of VAT on food, accommodation and attractions being cut to just 5%.
There have been a number of significant changes in recent weeks, as shops and businesses begin to make the slow return to a “new normal” as lockdown eases.
To support businesses most affected by the COVID-19 crisis and subsequent UK lockdown, the government has announced a temporary adjustment to VAT rates for the hospitality, hotel and holiday accommodation sector from 15 July 2020 to 31 March 2021.
Amusement arcades and other businesses could be set for a tax rebate worth billions of pounds after a legal victory for the sector.