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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:

Buying & selling land & buildings
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? - Ask about the Margin Scheme
Are you a retailer? - Ask about special retail schemes
Are you setting up a new business? - Registering for VAT too early could cost you thousands of pounds of unnecessary VAT
  - 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? - 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.

Business Tax and Tax Savings
Payroll
VAT
Company Secretarial
Business Plans / Budgets
Exit Planning
Corporate Finance
Accounts / Audit
Business Start Ups


To find out more, please explore the links.