VAT Health Checks in Nottingham
Vat Health Checks
What are VAT Health Checks?
Ensuring that you are applying the correct VAT treatment to your business transactions will bring peace of mind that you are minimising the risk to VAT exposures and penalties. Our health check service is designed to highlight opportunities and issues in order that businesses maximise potential opportunities and do not store up problems.
Designed to be either a standalone exercise or part of a readiness review in advance of an HMRC inspection, our flexible approach will provide a personalised service tailored to suit your needs.
Benefits of VAT Health Checks
What are the Benefits of VAT Health Checks?
Confirm VAT Registrations
A VAT health check can give you peace of mind that your business is fully compliant, to ensure that the risk of large fines and penalties is minimised. If errors are found, then steps can be taken to remedy the position in an efficient manner.
Review Your Supply Chain
A VAT health check can help you to understand which companies, out of those that you deal with. You can then confirm the status of other parties, which is necessary because those statuses will influence VAT treatments.
Maintain Your Relationships
A health check can safeguard you from creating VAT issues for your customers, which can adversely affect your commercial relationships.
Assess Your Recovery Position
Being able to smoothly transfer to the new recovery method will be important so as to maintain existing VAT recovery levels.
How can Seagrave French help you?
How can Seagrave French help you?
Our VAT health check service is designed to find any VAT issues before the VATman does!
Why not call us in prior to any visit?
The health check can..
- Review and sample check your accounting records for errors
- Sample test the most common errors that the VAT inspectors look for
- Statistically analyse your completed VAT returns
- Sample check the completion of VAT returns
- Compare your VAT returns against your annual accounts
- Check the VAT treatment of your sales
- Consider whether you are making the best use of relevant VAT schemes
- Ensure you are correctly applying the rules of VAT schemes
- Identify VAT planning opportunities
Contact Us
Whatever your ambitions, we will commit to them wholeheartedly and deliver the premium service you deserve. Get in touch today to book a chat with the experts at Seagrave French.
