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VALUE ADDED TAX
Advice across the VAT cycle
We provide technical opinions and support at every stage of the VAT cycle within a business: from structuring contracts and transactions, to compliance and refunds, through to audit and objection.
SCOPE OF SERVICE
What we cover
Advisory and Transactions
- Technical opinions and structuring of transactions and contracts
- Place, time and value of supply, and composite supplies
- Related-party and cross-border transactions
- Review of tax clauses in contracts, pricing and invoicing
- Due diligence and support on mergers and acquisitions
Compliance and Recovery
- Registration, VAT groups, amendments and deregistration
- Preparing and reviewing returns, and reconciling them to the general ledger
- Review of input tax, apportionment and the reverse charge
- Refund claims and recovery of unclaimed tax
- Comprehensive health checks and risk identification
Audit and Governance
- Audit readiness, information requests and technical responses
- Technical opinions and tax position memoranda
- Policies, procedures and tax control matrices
- Review of ERP configuration and tax codes
- Training finance teams on tax treatments
TYPICAL ENGAGEMENTS
Where clients typically engage us
Registering alone or as a VAT group
Assessing standalone registration against registration within a VAT group, and the effect of each on compliance and cash flow.
Reviewing a contract or transaction before signing
Establishing the nature, place, time and value of the supply, and drafting the right tax clauses into the contract.
A comprehensive health check
Reviewing returns, reconciliations and accounting system settings, and identifying risks and recovery opportunities before any audit.
A refund claim
Identifying unclaimed input tax, and preparing the refund claim and its supporting documents in line with the statutory procedures.
If a VAT assessment or penalty has been issued: Tax Disputes →
AN INITIAL MEETING
To discuss your matter in an initial meeting.
We begin by understanding the facts and documents, then agree the scope of the engagement. All correspondence is treated in strict confidence.