Transactional VAT Advice

You may well find that you need someone to provide regular VAT advice and help with your day-to-day transactions. It is worth ensuring that your clients are maximising their VAT position and meeting their compliance obligations in the everyday course of their business transactions.

Some of the many examples we can assist with include:

  • If clients supply services on an ongoing basis, do they maximise cash flow by only issuing invoices when payment is received, requests for payment being raised to collect payment?
  • If a business has a turnover of less than £1.35m, cash accounting can be used. This means that VAT on sales is only payable when a payment is received, although VAT on purchases can only be claimed when a payment is made.
  • Bad Debt Relief – if a client is on invoice accounting does it adjust the VAT on any debts that are more than six months old, irrespective of whether the debt is genuinely bad?
  • Bad Debt Relief – does the client adjust for VAT creditors over six months old?
  • If zero rated or exempt supplies are made, does the client regularly check that the liability remains correct – e.g., do they check the conditions to ensure the supply should be VAT free?

Get in Touch

Contact us today to establish how we can assist you. Call us on 0800 077 4604 to speak to a member of the team or fill in our contact form and someone will get in touch with you.

Latest Testimonials

  • "Tamara was my first port of call when I needed a VAT expert. She is extremely knowledgeable, dependable, thorough and efficient. I would recommend her personally to any business needing this kind of assistance."

    Sarah Sillars OBE, CEO at Institute of Advanced Motorists, IAM - April
  • "The VAT People have been used by Cosmo Leisure for many years. We have found them to be very thorough and professional in all that they do.
    They have looked after some very complicated tax issues for us, always meeting deadlines at short notice and pursuing successful claims."

    Keith Lee, Cosmo Leisure Group - April
  • "Tamara has advised a number of our clients on VAT-related matters and her advice has always been timely and relevant. She is also willing to discuss matters on an informal basis and could not be more helpful. I recommend her and her firm whole-heartedly."

    Adam Hymes, Commercial Property Partner at Kuit Steinart Levy LLP - April
Read All Testimonials

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Get the vital information you need quickly and easily by watching one of our guidance videos - topics include VAT assessments and penalties, VAT for charities, and maximising VAT recovery.

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