VAT Planning and Disputes in Nottingham

VAT Planning and Disputes

What is VAT Planning?

In the UK, VAT is a tax that’s collected by businesses on HMRC’s behalf. A business’ VAT duties can vary considerably from others, creating compliance risks.

Complications arise around the distinction between whether a supply is one of goods or services, as different rules apply to the time and place of supply. Other complexities include the correct application of ‘zero-rate’ and ‘VAT exempt’.

Importantly, VAT becomes a consideration in many wider business transactions, such as the sale of a business.

Internationally, businesses must deal with different administration rules, rates, information requirements, lead times and deadlines.

There is considerable scope for error across the VAT regime.

VAT demands on-going management to ensure compliance with administration requirements as a result of relevant events, to ensure the correct levels are being collected on behalf of HMRC.

If you’re a property investor or a property developer, you may encounter VAT issues around the Transfer Of A Going Concern, and VAT exemption.

VAT doesn’t apply to the majority of commercial property transactions, but VAT can apply to new build properties, or where there has been an election to charge VAT, in which case the VAT liability usually lies with the landlord/seller.

What are VAT Disputes?

VAT Dispute means a dispute with HM Revenue & Customs following the issue of an assessment, written decision or notice of a civil penalty relating to Your Value Added Tax (VAT) affairs.

How can Seagrave French help you?

How can Seagrave French help you?

Compliance with VAT is becoming ever more complex. Investigations from the VATman can be intense – all the more important is that you have an accountant who is successful in negotiations with them.

We take advantage of the reliefs available and the interpretation of the regulations. This is an extremely important feature of the service provided as it ensures peace of mind for all our clients.

We can help you with VAT in the following ways…

  • Applying for and advice on VAT Registration
  • Advice on the VAT schemes suitable to your business
  • Completion of VAT Returns – either from your books or we can do the bookkeeping for you. By letting us complete your VAT return it ensures that it will be accurate and that you don’t miss any opportunities to claim the VAT you should
  • Dealing with VAT control visits
  • Dealing with any contentious disputes that arise with Customs

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.

0115 9415193

1 Poplars Court, Lenton Lane, Nottingham, NG7 2RR

M-F: 9am-5pm, S-S: Closed

Seagrave French Chartered Accountants

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