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Corporate Services
VAT
A very simple & straightforward
tax ? - WRONG !
Although simple in concept, in
practice VAT can be far from straightforward - £446,000
of VAT assessed per VAT Officer per year
illustrates the scope for making errors or having disagreements
with HM Customs & Excise
VAT accounting in general has enormous scope for making innocent
errors and consequently being liable to interest and penalties
Particular RISK AREAS with VAT accounting include:
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Buying & selling land & buildings |
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Partial Exemption |
If the average VAT inspector made 200 inspections
a year then this works out at Over £2000 assessed per
VAT inspection
Before you get yourself into this level of risk, why not use
the Muras Baker Jones VAT Healthcheck service?
The knowledge and advice that Muras Baker Jones have available
should help you to Keep your VAT bills to a minimum Even smaller
businesses can benefit from advice available on areas that are
specialised but important to them
| Are you selling used
goods? |
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Ask about the Margin Scheme |
| Are you a retailer? |
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Ask about special retail schemes |
| Are you setting up a
new business? |
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Registering for VAT too early could
cost you thousands of pounds of unnecessary VAT |
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Registering for VAT too late could
cost you penalties or cost you lost VAT recovery |
| Turnover less than £660,000 pa and
cashflow difficulties paying your VAT? |
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Let us help you ascertain if the Cash
Accounting scheme might be to your advantage. |
Have you been levied a PENALTY?
Let us put forward arguments on your behalf for their mitigation
or cancellation.
Why obtain paid-for advice from
Muras Baker Jones, When free advice is available from HM Customs
& Excise?
Muras Baker Jones VAT advice
will be co-ordinated with your overall business requirements,
such as developing your business as well as mitigating your
liabilities to other taxes.
To obtain professional, impartial VAT advice contact us via
enquiries@muras.co.uk
Please
select any other area you are interested in from the list below.
To find out more, please explore
the links. |
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