Corporate VAT
Looking for help with arranging or trouble-shooting your Company VAT? VAT Exchange can help.
We Are Always Here to Help!
We can discuss your situation free of charge and explain the main principles that apply to you. If you want written advice, then our charges begin at £77 plus VAT for the first hour’s introductory service.
And if you need more detailed advice, we can discuss further costs at that time.
So feel free to contact us on 07541 707276 – there’s no charge for asking a question!
You may be familiar with the VAT principles that apply to your main business activities. But it’s often the transactions with associated businesses that cause problems, giving HMRC easy targets for VAT errors.
For example, if you’ve charged too much VAT, the associated business can’t claim the VAT even if you’ve paid it to HMRC! It can end up being a very messy situation and can take a long time to resolve.
So it makes sense to get it right from the start!
We start by analyzing the situation to understand why you’re making a charge, to make sure that the VAT treatment is correct and reflects the goods and/or services supplied.
We will also review such arrangements to avoid dealing with potential assessments or queries from HMRC.
And we’ll look at whether these potential VAT issues could be avoided if you set up a VAT group registration, where you don’t normally charge VAT on transactions between the group members.
If you want to discuss specific issues, email marie@vatexchange.co.uk to schedule a time for an initial free of charge discussion.
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Q Hi Marie I'm sure this is an easy one for you, I just wanted to confirm that VAT bad debt relief for supplies at 17.5% is calculated as 7/47 of the amount owing but when the supply is at 15% it would be 3/23? B Yes AS, you are correct, you apply the “VAT fraction”...
The Option to Tax: Revisiting the 2008 Changes
I was recently looking at the revised VAT Notice 742a Opting to Tax Land and Property and thought it would be useful to do a short series of articles explaining the background to the changes to the rules that were introduced last year and summarising the main changes....
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We're here to help and always happy to have a chat about your VAT needs.
Remember: the initial discussion is free, so get in touch and let's talk.