VAT is a complex area of tax legislation. Our VAT team breaks down these complexities into clear, simple language to help our clients understand fully understand their position. We deliver straightforward solutions to complex questions with clarity.
Our experts trained with HMRC and have a thorough understanding of both the legislation and HMRC’s policies and procedures. This is invaluable when helping you understand the impact on you and your business in real terms.
Our expertise covers all aspects of VAT, but we are particular specialists in negotiating with HMRC on liability issues and agreeing partial exemption methods, providing VAT planning ideas for clients to improve cash flow, assisting clients through the maze of VAT property law, and advising on EU and international transactions.
We deal with many transactional queries and conduct regular reviews. These can happen for several reasons. Your company might be a start-up, you may have encountered an issue, be undergoing an HMRC assessment or simply not had a review in some time. Alternatively, you might be undertaking a transaction like selling a new product, buying a property, buying and selling goods internationally, or selling your business. In these instances, we’ll review your organisation from top to bottom, ensuring everything is done correctly and identifying any opportunities.
Ensuring that your business is compliant is crucial and our team can help you with areas of compliance such as VAT returns and VAT registration, highlighting the key risks and opportunities.
TOGCs (transfer of a property rental business as a going concern) give the ability to transfer something without paying VAT. This area is not clear-cut and can cause confusion. We can help bring clarity to the situation.
Three different VAT rates can apply to residential property. This depends on whether the property is a new build or development, what it’s used for, or changes of use such as commercial to residential. Our team will ensure that your VAT position is correct and make the whole process straightforward.
VAT is a very complicated area for not-for-profits and it’s easy to get it wrong. We are specialist charity advisers and understand that each organisation has different challenges which require tailored advice.
Donations are a complex area for charities, depending on whether they are freely given or have conditions as to how they should be used. We can ensure you take the correct position on each type of donation.
Some tax breaks are available for buildings that are used for charitable purposes, although the criteria for this is surprisingly narrow. We’ll identify if you qualify for any reliefs and help you take advantage if this is the case.
We help businesses, particularly those based in the US, navigate the VAT hurdles for setting up in the UK so that they can trade throughout the EU. We also work with many clients who hold consignment stock, highlighting any issues that arise and providing straightforward solutions.
We also advise many non-established landlords who own property in the UK.
Our membership of the Leading Edge Alliance means that we can refer clients to our partners for expert, local advice wherever needed to help them understand how they should organise their companies when it comes to trading in the EU.