VAT Services for Accountants
Whether working in-house or independently, it is essential for accountancy professionals to have a strong working knowledge of all aspects of VAT law. Getting this wrong can result in higher costs and regulatory compliance issues for yourself and your clients, while also damaging your reputation and brand image.
If you are looking for a comprehensive suite of VAT services for accountants to take your VAT management capabilities to a higher level, The VAT People are here to help. We provide advice on everything from transactional VAT advice to bespoke VAT training, ensuring accountants can stay up to date with the latest developments in the industry.
Our consultants are all trained specialists, with many having previous experience as VAT inspectors. As such, we are ideally placed to provide the most relevant guidance on every aspect of VAT.
How we can help you
Accountants have an obligation to help clients to make the most of their VAT liabilities, either by reducing their payments or improving the accuracy of their VAT declarations. It is also essential that accountants help clients to avoid potentially costly HMRC penalties.
At The VAT People, our comprehensive range of support services can allow accountants to ensure best practice at all times, with a focus on helping them to identify the specific needs of their clients, find opportunities to reduce their VAT liability and keep things running as efficiently as possible.
We are proud of our record in offering tailored, pragmatic and commercially-savvy advice and support for the accountancy sector, which have delivered measurable and lasting benefits for our clients.
As one of the UK’s largest and most comprehensive sources of VAT and customs advice, our highly qualified team of expert consultants have experience of working with clients across the country, and will be able to work with you in a way that meets the needs and objectives of your business.
Our VAT services for accountants
Our VAT specialists offer a range of services for the accountancy sector, including:
- VAT Toolkit Plus
A tool for practice-based accountants, VAT Toolkit Plus is designed to help you to critically review how a client deals with VAT. This handy tool is produced as part of the audit, and assists with identifying any issues and opportunities that a client may have to ensure that action can be taken.
While VAT declarations and audits are regularly carried out among businesses of all sizes, situations may sometimes need to be escalated, resulting in an investigation by HMRC. When this happens, our team of experts can talk you through the options that are available to you, ensuring you are in compliance with the investigation to make the process as stress-free as possible.
In cases where your client has been subject to an HMRC assessment, The VAT People can look comprehensively at the assessment to check that everything has been carried out in accordance with regulations. Where HMRC has failed to take all the facts into consideration, there are options available to you.
VAT recovery is an integral aspect of our service for accountants. We can help you to ensure your clients are happy by offering support throughout the VAT recovery/partial exemptions process. This includes investigating and recovering incorrect VAT payments for you, which gives you more time to focus on your dealings with clients.
At The VAT People, our team of specialists can provide a full audit of your clients’ VAT systems to ensure that the procedures in place are compliant with current VAT regulations. A VAT Health Check could bring direct benefits to your clients, which detail all areas of overpayments, non-compliance and other issues.
Ensuring that your clients have some level of in-house knowledge regarding VAT is essential for accountants. The VAT People offers a number of tailored courses to guide your clients through VAT regulation, ensuring they are compliant with HMRC rules and have the knowledge they require to carry out their operations correctly. We can also arrange training for you and your employees.
Managing the risk involved with clients’ VAT payments and planning processes is an integral aspect of business for accountants. Our VAT specialists can help you to enhance the quality and breadth of the service you offer clients, utilising our knowledge and expertise to ensure they only pay the minimum amount of VAT accountable to their business.
We offer a comprehensive service for accountants, helping with a broad spectrum of VAT-related issues such as day-to-day activities, to ensure in-house accountants and those working independently remain up to date with the latest developments.
If you would like to benefit from our specialist VAT knowledge and extensive experience, potentially lowering your clients’ VAT payments in the process, call us on 0333 3638 012, or fill out an online enquiry form to request a call back.
To learn more about our team of specialists here at The VAT People, visit our team page.
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