Planning
It is extremely important to include consideration of VAT before any major business transaction.
Some recent examples of our interventions to assist with planning: -
- Reducing a private developer’s VAT costs to 5% on the contractor’s costs in converting residential properties into flats
- A review of a company’s partial exemption accounting procedures identified that no annual adjustments had been undertaken, on recalculation over £50k additional VAT was recovered
- A review of a company’s non-UK activities revealed a responsibility to register for VAT in another EU member state but ensured full recovery of VAT of expenditure incurred there.
- We ensured that an overseas property development company could recover almost £80,000 on VAT incurred in the UK
- We helped to remove the VAT charge and reduced the Stamp Duty cost on the purchase of a VAT opted commercial building containing an ongoing tenancy
Before your business undertakes any major transaction simply contact us to talk through the potential VAT consequences.
Don't forget our legendary free helpline which is available to all on 0870 420 8971 or contact us by email with any other queries.
