VAT Reviews and Health Checks
Identify opportunity and avoid risk with our expert led VAT reviews and health checks.
Is your business paying too much VAT?
As every business is different, our health checks will be bespoke to your business’s issues.
Our team of specialists is well placed to carry out VAT health checks, which allow us to identify opportunities or identify risk.
- A review of the liability of your supplies and income streams to ensure that you are paying the right amount of VAT to HMRC
- Highlighting areas of opportunity and risk; we often save businesses VAT as a result of our health checks
- Reviewing your VAT recovery procedures and processes, ensuring you are making use of relevant reliefs
- Reviewing the treatment of one-off and large transactions, such as property transactions and deal fees
- Determining which accounting scheme is best suited to your business (such as the flat rate scheme, cash accounting, annual accounting, etc)
- Reviewing your accounting systems to ensure they are compliant with Making Tax Digital
- Reviewing the implementation of specific VAT rules to your business, for example, partial exemption calculations, evidence of export for zero-rating, capital goods scheme calculations, VAT clawback and payback, retail schemes, margin schemes, etc
- Reviewing business systems from a cashflow perspective, ensuring your business is set up efficiently, and making use of any relevant reliefs
Need a VAT review or health check?
Please fill out the form below to request a call back at your convenience with one of our VAT experts today.
