VAT legislation and regulations are complex. So it’s understandable that businesses make mistakes on their VAT returns. However, these mistakes can be very costly both in terms of paying the wrong amount of VAT and also triggering a VAT investigation.
You wouldn’t drive your car without it having passed its annual MOT. Well in our view it should be the same when it comes to businesses and VAT.
OUR VAT MOT HEALTH CHECK WILL:
- Highlight potential areas of risk e.g. under-declaring VAT and incorrect VAT liabilities.
- Identify if you’re overpaying VAT, and claw back money for you.
- Provide reassurance and mitigate VAT penalties.
Fill in the form to give us your details and one of our VAT experts will get in touch to tell you more about our VAT MOT service and its benefits. We’ll talk you through the process which has been streamlined so you can complete our online questionnaire in your own time. Investing 30 minutes of time could save a lot of HMRC hassle longer term. You can also read more about the VAT MOT below.
DOWNLOAD OUR GUIDE ON THE 14 MOST COMMON VAT MISTAKES AND REGISTER YOUR INTEREST IN THE VAT MOT
WE’LL DO YOUR VAT CHECKS, YOU GROW YOUR BUSINESS.
Everyone knows that VAT legislation and regulations are notoriously complex. Even non-tax experts are likely to have heard of the saga involving Jaffa Cakes and their VAT rating.
Given few businesses have in-house VAT specialists we’ve come up with a new approach to help you avoid HMRC VAT assessments and penalties.
THAT’S WHERE OUR VAT MOT COMES INTO PLAY.
Our VAT MOT is very like the MOT you have on your car. It’s a VAT health check for your business. We’ll make sure you’re operating within the VAT rules and your business is roadworthy. It’ll help you stand up to any HMRC scrutiny and avoid potential penalties and fines.
We’ll look out for the primary VAT issues that typically face businesses trading domestically and internationally. Our review will highlight any risk areas and outline recommendations for anything that needs further exploration or fixing.
You’ll be firmly in the driving seat when it comes to deciding which areas merit further work or review by our team. Along with identifying any areas of concern our VAT MOT can offer reassurance. Giving you that peace of mind that ‘reasonable care’ has been taken. As required by HMRC.
To learn more about our VAT services including the VAT MOT take a look here.
MEET THE TEAM
Our VAT team have worked with businesses and not-for-profits from across a wide range of sectors. From helping charities mitigate HMRC’s assessment to representing clients at all levels up to and including the European Court of Justice. They’re sure to be able to help you when it comes to VAT. You can read their profiles in our people directory here.
PENALTIES FOR LATE VAT RETURNS, AVOID INCURRING COSTS
The best way of avoiding a Default Surcharge (‘DS’) is to make sure your VAT return is submitted and paid on time. Here we tell you more.Read More
HMRC REVIEWS VAT ON ELECTRIC CAR CHARGING
More and more people are switching to electric cars. There’s a move away from petrol and diesel as we all become more aware of the impact of our car choices on the environment.Read More
MANAGING VAT CASH FLOW IN UNCERTAIN TIMES
Your mantra needs to be: “Pay VAT as late as possible, recover VAT as early as possible”Read More