Value Added Tax

As politicians introduce cost cutting and revenue generating strategies to stabilise the UK economy, VAT is becoming an increasingly complex issue for business.

Whether you’re a sole trader, owner manager or a large limited company, VAT can present you with particular challenges due to its complicated make up of schemes, rates, rules and regulations which apply to different businesses in very different ways.

With ever changing VAT guidelines, such confusion understandably leads to misunderstanding and innocent mistakes and increasing legislation can lead to significant penalties.

David Allen’s expert VAT Specialists will provide you with simple practical advice to enable you to charge and collect the correct amount of VAT and make accurate returns and submissions to HM Revenue & Customs.  We take a proactive approach, with a commitment to prevention rather than cure. Our VAT health check is designed to pinpoint potential problems before they occur, identify VAT opportunities for cash flow planning and give you the reassurance that the correct procedures are being used to minimise the likelihood of VAT assessments, penalties and interest charges.

Specialist VAT services include:

• VAT registration and de-registration
• VAT compliance
• Preparation of VAT returns
• Reviewing the most suitable VAT scheme for you
• Guidance on VAT in complex areas such as construction and international trading
• VAT health checks & comprehensive VAT reviews
• VAT audits and disputes
• VAT investigation services

To find your way through the rules and regulations of VAT contact Kirstie Somerville or Julie Osborn.