VAT Consultancy ServicesIn these challenging and uncertain times, it is more important than ever to ensure that costs are managed, and one cost that is often overlooked is VAT.
VAT can be an absolute cost, through missing out on VAT recovery, missing out on VAT reliefs, or not being able to recover undercharged VAT from your customers. VAT can be a cashflow cost, through failing to reclaim VAT at the earliest opportunity, declaring output tax earlier than is necessary or through having an inappropriate VAT "stagger". In addition, there can be significant costs arising from HMRC imposing penalties where a business gets their VAT accounting wrong, resulting in them under declaring or over claiming VAT. Even where there is no deliberate act or concealment, VAT penalties normally start at 30% of the VAT under declared or over claimed, which can add significantly to the cost of making a VAT error. Through proactive advice at an early stage, we are confident that we can add value, whether you are undertaking a one off transactions, negotiating with HMRC, or planning a new business stream. |
|
Technical |
Commercial |
Reliable |
Driven |
|
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.
|
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.
|
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.
|
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.
|
