VAT
In many cases it is not difficult for a business to comply with it's VAT obligations. However, in some areas VAT can be very complex. We will ensure that you do not fall foul of the regulations by explaining to you which transactions are:
- exempt from VAT,
- VAT zero rated,
- VAT standard rated or
- charged at another VAT rate such as the reduced rate.
We will also explain the effect that these differences will have on your business, and how you can mitigate any disadvantages that the rules may impose on you.
This complexity is particularly significant when looking at land and property. An error in this area can cripple a business, particularly in view of the size of each transaction. We will work with you to minimise this risk to your business.
VAT can have a significant effect on other taxes such as stamp duty, and we will liaise with you to ensure that your affairs are arranged where possible to minimise these effects.
Whatever the size of your business you will be affected by VAT and you will need to consider that impact. We will ensure that your affairs are arranged in the most cost-effective way to mitigate that impact.
