Businesses are responsible for maintaining accurate records of their income, expenses and associated VAT transactions. VAT-registered businesses charge VAT to customers at the applicable rates and incur VAT on purchases of goods and services from suppliers. The difference between these amounts is either payable to or recoverable from HM Revenue & Customs (HMRC).

We provide VAT support and consultancy services to assist businesses in managing their VAT processes and compliance requirements. Our services include:

• Accounting and recording of VAT transactions.
• Assistance with the preparation and submission of periodic VAT returns.
• Identification and consideration of relevant VAT legislation and guidance.
• Assessment of the impact of VAT on existing accounting processes.
• Review of VAT implications within procurement and supply chain activities.
• VAT coding and treatment of accounts payable and accounts receivable transactions.
• Delivery of VAT awareness and training programmes.
• Assessment of the operational impact of VAT on business activities.
• Assistance with VAT implementation for newly registered entities.
• Post-implementation VAT reviews and process improvement recommendations.

Our professionals have extensive experience in accounting, finance and VAT-related matters gained through working with leading international accounting firms and large organisations. We work closely with management to help establish practical VAT processes and improve the efficiency of VAT-related procedures.
Where specialist tax advice or regulated tax services are required, clients may be advised to seek assistance from appropriately authorised tax advisers or specialists.