VAT Compliance

VAT can represent a key factor in a business’s cash flow and potentially a real bottom line cost. For finance and tax directors, managing VAT risk and its cash flow implications can be a significant challenge which is often compounded by constantly evolving case law, legislation and tax authority guidance. Poor compliance and errors can result in penalties, damaged reputation and/or missed opportunities.

We provide the following VAT compliance services:

• VAT registration – completion of the required documentation to register (or de-register) your business, company, partnership or group for VAT. 
• Completion of VAT returns – completion of monthly or quarterly VAT returns (based on information provided by you) and submission of those VAT returns to HM Revenue & Customs/ Isle of Man Customs & Excise. 
• Completion of other documentary requirements – completion and submission of any other documentation required by HM Revenue & Customs/ Isle of Man Customs & Excise such as the land and property questionnaire, option to tax, transfer of a going concern and voluntary disclosure. 
• Dealing with routine enquiries – responding to routine enquiries raised by HM Revenue & Customs or Isle of Man Customs & Excise. 
• VAT inspections – we can assist in handling VAT inspections performed by HM Revenue & Customs/ Isle of Man Customs & Excise.
• VAT audit - we can perform a VAT audit on your business if you require assurance or are expecting a visit from HMRC or Customs and Excise.