With the frequent changes in UK Customs and European Commission regulations, it is vital you have an adviser who monitors developments and helps you comply swiftly. Our VAT team can advise you on customs duties and VAT, import and export reliefs and business structures.
VAT in property transactions has been highly contentious over the years and our VAT team has years of experience advising commercial clients on where to apply the standard VAT rate, where the transaction is VAT exempt or where you have the option to charge VAT.
Should you be subject to a VAT inspection from H M Revenue & Customs (HMRC) on a VAT issue, our VAT specialists can carry out a pre-visit review to help you get all of the relevant documentation ready. This can often reduce the time spent on site by HMRC and lessen the likelihood of a further investigation.
The calculation of VAT in partial exemption situations is often complex and is an area where specialist knowledge is vital.
We specialise in the more complex aspects of VAT which are often outside the field of knowledge of an in-house tax manager.
Planning in advance is essential to most activities these days and usually results in the minimum cost and maximum return. Considering the VAT consequences of transactions in advance is equally as important especially in property transactions as failure to take the necessary steps before commencing work can result in significant extra VAT costs later.
A Group registration covering all or some of the group businesses so that transactions between the members of the group take place without any VAT consequences.
Carrying out a regular review of your VAT arrangements is vital to ensure that you continue to comply with changing regulations and to identify any opportunities to reduce your VAT costs.
We act for over 30 golf clubs in our local area and advise clubs throughout the UK. We have a great deal of experience of the different types of golf club structure and their associated accounting requirements. We also specialise in advising clubs on Community Amateur Sports Club status and how this can affect clubs finances.
