VAT Health Checks and Compliance Reviews

The cost of compliance mistakes is becoming increasingly expensive as the new penalty regime begins to bite. We can help you to avoid costly mistakes and to increase the efficiency of your VAT compliance operations.

We work with our clients to review and, where necessary improve, their compliance systems.  This may involve the whole of a business' VAT affairs or just a specific area.

For example, we can undertake a review of sales ledger transactions to establish whether the correct VAT liability is applied to all income streams or we can undertake a working capital review to ensure that you are only ever pay the right amount of tax at the right time. A review can identify potential risks and/or potential training needs and may identify VAT savings.

We can also help you ahead of any notified HMRC inspection visit so that you are fully prepared on the day, including supervising the visit on your behalf if you prefer a VAT expert to deal with HMRC for you.  HMRC now have considerably wider powers of inspection, including the right of access to business computers, so it is essential that you understand the limits of their powers and ensure that they keep within them.

If you have concerns about any aspect of your VAT compliance call us on 0845 643 5450 for a free initial discussion.