Finance executives too often overlook indirect taxes, yet VAT is one of the largest components of a company's tax burden, a substantial and increasing cost. Fortunately in many cases with good advice VAT savings can be made.
VAT is a tax that is constantly developing. Changes to the VAT system occur partly because of amendments to legislation and partly because of the way that the courts interpret the law. Keeping up to date with all of the rules is a difficult task, but it is essential, as even innocent errors now mean harsh penalties.
The new VAT penalty regime means automatic penalties for errors unless you can show you have taken 'due care'. Instructing an advisor is regarded as evidence of this.
Our VAT team understands the rules and their application. We can provide effective advice in dealing with complex issues, can answer your VAT questions and keep you informed on developments in VAT legislation and Customs’ policy.
Our service to you can include:
- VAT Save - our healthcheck service
- Support during and after Customs & Excise visits
- Help regarding VAT in Europe
- VAT Training
If you are unsure if we can assist you then call us. VAT is too often ignored as a tax and you may be able to improve your position.