Partial Exemption ReviewsThose dealing with property development; charities; sports; education; and healthcare are all likely to be familiar with the pitfalls of partial exemption and the need to have an apportionment method in place to calculate the level of VAT that can be reclaimed.
It is often the case that these methods have not been properly considered, for example:
We can review the current method, suggest changes and assist in negotiations with HMRC to agree an alternative, more appropriate method. We can also provide staff training to ensure there is a more thorough understanding of the procedures in place, to ensure the method is implemented correctly. |
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They say the devil is in the detail, and it is never more true than in the case of VAT and Indirect Taxes. We have experience working on highly complex assignments, including land & property, international supplies, and in the not for profit sector. We will provide the level of input required to give you peace of mind and assurance, and will highlight the questions that you never knew to ask.
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The best answer for VAT purposes does not necessarily mean it is the most appropriate advice. We have the experience to take a step back and consider the bigger picture and goals of the client. Where necessary we will liaise with the other advisors, ensuring that the options for VAT and Indirect Tax advice results in the most commercial outcome.
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We appreciate the need for timely advice and the importance of being available. We will balance the business in favour of quality over quantity, and ensure that we are well placed to meet our clients’ expectations on budget and speed of delivery.
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VITA has identified and will look to fill a gap in the market for quality and cost-effective advice. As Scotland’s largest independent firm of VAT and Indirect Tax advisors, we are a fast growing business looking for strong and long standing relationships.
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