VAT ACCOUNTING
Advice with registration, deregistration and different types of VAT schemes available.
Businesses often overlook indirect taxes, yet VAT is one of the largest components of a company’s tax burden. VAT is a substantial and ever increasing cost, yet in most cases with good advice VAT, savings can be made.
VAT is a tax that is constantly developing. Changes to the VAT system occur partly because of amendments of legislation and partly because of the way that the courts interpret the law. Keeping up to date with all of the rules is a difficult task, but it is essential, as even innocent errors can result in harsh penalties.
The new VAT penalty regime means automatic penalties for errors unless you can show you have taken ‘due care’. Instructing an advisor is regarded as evidence of this.
Our VAT team understands the rules and their application. We can provide effective advice in dealing with complex issues, can answer your VAT questions and keep you informed on developments in VAT legislation and Customs policy.