CHARTERED ACCOUNTANTS & REGISTERED AUDITORS.

 

Home Up Feedback Contents Search

 

Up

Value Added Tax

VAT has never been a simple tax and over recent years this has become increasingly so following the introduction by HM Customs & Excise of complex anti-avoidance legislation.

Yet, because VAT is a self-assessed tax, businesses are expected to correctly interpret and implement the law and keep abreast of the rapid changes arising out of case law. Failure to do so can result in business facing penalties, surcharges and interest charges-not to mention potentially significant VAT arrears.

We are able to provide you with a complete range of VAT services, including advice and assistance with:

General compliance issues such as VAT registration/de-registration, the completion and timely rendering of VAT returns and improvement of VAT cash flow.

The VAT return and statistical reporting requirements arising from EU and import/Export trading activities.

The selection and operation of retail schemes and special margin schemes for tour operators and second-hand good dealers to minimise output tax liabilities.

The selection of methods to maximise input tax recovery , especially in partial exemption and 'non-business' situations.

How VAT interacts with new business developments such as the Euro, e-commerce and electronic filing of information.

Supervising VAT inspection

And for when things go wrong a comprehensive VAT dispute service, including the reviewing of VAT assessments, the submission of requests for local reviews and formal appeals to the VAT Tribunal.

 

 
Send mail to admin@templetons.co.uk with questions or comments about this web site.
Copyright © 2000 Templetons
Last modified: October 11, 2000