VAT Advice for Businesses
Advice and consultancy from VAT specialist accountants
VAT (Value Added Tax) can be a troublesome area for many businesses, with ever-changing rules and regulations that can often prove a challenge to keep track of.
With expert VAT advice and consultancy, you can ensure your business remains compliant while maximising efficiency. Our tailored guidance on VAT, helps you make informed decisions and avoid potential pitfalls.
Whether you are dealing with complex VAT scenarios or require advice on optimising your VAT position, we’re here to help with clear, practical solutions.
As a ‘transaction tax’ it is essential that VAT is considered before the transaction takes place to ensure you are both compliant and efficient for VAT, as retrospective action can sometimes be difficult to achieve.
Specialist VAT advice
We focus on providing tailored VAT advice for businesses, offering consultancy in a variety of areas, including:
- VAT compliance requirements, including errors and corrections
- Land & Property
- International VAT
- Not for profit, including charities and other grant funded organisations.
Our speciality is in giving you the strategic knowledge to make informed decisions and manage your VAT obligations successfully.
Land & property
Land & Property for VAT, covers a huge range of areas including:
- Sale or purchase of land and buildings
- Construction, conversions and redevelopments
- Leases
When buying or selling property, VAT can be a tricky subject to navigate and can result in costly mistakes that could have been avoided should the correct advice have been obtained.
As part of the sale or purchase of a property, you will often hear buzz words such as an ‘option to tax’, the ‘capital goods scheme’ and ‘TOGC’, which can feel intimidating particularly as large amounts of VAT are often involved.
Whether you are selling a property, converting a commercial space into apartments or buying a mixed use property to use both within the business and also provide a rental income stream, our team of VAT experts can provide you the advice needed in a pragmatic and understandable way, so that you feel comfortable that you have protected your position on VAT but remain compliant.
International VAT
Whether you’re importing goods, exporting products, or providing or receiving services internationally, understanding how VAT applies is crucial to maintaining compliance both within the UK but also in the EU and wider.
VAT on cross-border transactions can be complex, especially with changing rules across countries. We help you manage the VAT implications of trading within and outside the UK. We can provide a detailed review of your supply chain to ensure that you are both compliant and efficient. Documentation is crucial when it comes to cross border transactions and so we can review processes and make recommendations to reduce risk.
We also consider duty implications of moving goods across borders, considering where either there is a risk of underdeclared or overdeclared duty for example due to the application of an incorrect commodity codes or country of origin.
Our team can also highlight potential VAT registration requirements in foreign countries and any actions that could be taken to avoid additional registration compliance fees where possible.
Not for profit and grant funded organisations
Whilst it can be beneficial for organisations to receive income that doesn’t attract VAT, this adds in a further level of complexity around VAT recovery on costs and you need to consider restriction under business/non business and partial exemption.
Making sure that you are compliant whilst maximising your recovery position is essential for these types of organisations. Our team of VAT experts can review your position and consider whether there is scope for further recovery as well as providing support on how to prepare the relevant calculations.
Why Choose Edwards Accountants for VAT specialist advice
If you are looking for VAT advice in Birmingham, our team of VAT experts are here to offer expert guidance to businesses, with any transaction that has VAT implications.
With our tailored consultancy, we provide practical solutions to help navigate your VAT challenges, ensure your business remain compliant and optimise your VAT position.
Contact us today to speak with one of our taxation accountants.
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Choose Edwards Accountants for VAT advice
Looking for comprehensive VAT advice? Our team of VAT experts are here to offer expert guidance to businesses on any transactions that have VAT implications.