The issues and questions surrounding VAT are notoriously difficult and sometimes thorny.
Now a European-wide tax rather than just a British tax, VAT affects not only UK businesses but any EU company, whether active inside or outside of the EU. The work we do recognises that, whereas for direct taxes the distinction is between 'exempt' and 'taxable', those terms mean something very different for VAT. There's more to consider than just the questions of standard, reduced and zero rates affecting taxable supplies.
It may be as important to maximise the reclaims of input tax as it is to make sure that output tax compliance is undertaken correctly.
We will help not only with VAT problem solving but also in developing solutions that allow businesses to optimise their overall VAT position, ensuring there are no transgressions that could incur a penalty.
