VAT Services for Business

For most businesses VAT is, as Anthony Barber once famously said, a “simple tax”.

However, for others, who have not properly considered the VAT consequences of transactions, or who are in dispute with the VAT authorities, VAT can be a nightmare. A costly and time consuming nightmare.

Many businesses are loathe to challenge decisions made by H M Revenue & Customs and will often accept Assessments made or penalties imposed without question.

This despite the fact that according to HMRC’S own statistics, nearly 50% of all Assessments raised are either reduced or cancelled. And what of the other 50% which may go largely unchallenged?

And is your business operating in the most VAT efficient way?

Are you paying more VAT than you should or are you paying too early ?

This is where InnoVATion VAT Services Limited (“IVSL”) can help. IVSL can provide you, and your accountants, with the advice and support you need. The services IVSL provides includes:

• Advice on the appropriate use of accepted VAT Schemes or of planning structures to reduce the amount of VAT you pay or to improve cash flow.
• Advice and assistance in relation to any dispute with HMRC, or any Assessment, surcharge or penalty raised.
• Confirmation of the VAT liability of supplies, including international transactions.
• A VAT review of your structure, processes or transactions.
• Contract and sale or purchase Agreement reviews.
• Advice on business transfers or re-organisations.
• Pro-active advice on the purchase, sale, letting or transfer of property.
• Devising and implementing Partial Exemption and/or Business/Non-Business Methods for charities, not for profit organisations, and businesses involved in the VAT exempt provision of education, healthcare, financial or property related services.
• Assistance with the completion of VAT returns, EU Sales Lists and Intrastat declarations.
• Completion of DIY Housebuilders claims.
• Completion of EU VAT claims.