Vat & Duty Planning

Value added tax is one of the most complex and onerous tax regimes imposed on business - so complex that many businesses inadvertently overpay or underpay VAT. The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of Customs and Excise call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay the Exchequer more than you need to. We provide an efficient cost effective VAT service, which includes:

• Assistance with VAT registration
• Advice on VAT planning and administration
• Use of the most appropriate scheme
• VAT control and reconciliation
• Help with completing VAT returns
• Planning to minimise future problems with Customs and Excise
• Negotiating with Customs and Excise in disputes and representing you at VAT tribunals

You may also find the following guides helpful

VAT is a transaction tax and needs to be considered before the transaction takes place if the best commercial outcome is to be achieved. With the introduction of increased penalty it has never been more important to take timely VAT advice.

Most types of business or professional activity are obliged to register for VAT when their turnover exceeds certain limits as per the law. It is essential that these limits are not overlooked but some clients are reluctant to become involved in the detailed record keeping required. We are able to maintain VAT records for our clients and prepare the VAT returns in good time to ensure compliance with all statutory requirements. The VAT legislation makes no allowance for absences and stiff penalties are imposed for failure to register for VAT or to submit returns on time. Being registered for VAT is an administrative burden but it has some advantages because VAT paid on expenses can be recovered each quarter.

We assist many of our clients in the preparation and submission of their VAT returns. We can assist you in registering for this and can submit the returns on your behalf.