| 102/104 Widnes Road |
| Widnes |
| Cheshire.WA8 6AX |
| Tel: 0151-420 6666 |
| Fax: 0151-495 3666 |
| email: 1NH@dial.pipex.com |
Freefone 0800 3893716
| VAT Health Checks As a result of requests from our clients, we have recently introduced a new service: a VAT Health Check. VAT is a very complex area and one in which it is so easy to make a mistake. Rather than waiting for you to contact us to come and sort out your VAT problems once they have occurred, we can eliminate problems before they start costing you money. In theory, VAT will only prove a cost to your business if you are either not VAT registered or are making VAT exempt supplies. In practice, however, since VAT is such a complicated tax to administer, we find that many VAT registered traders lose money simply by not applying the rules correctly. For example, numerous people misinterpret the rules regarding the reclamation of input VAT on private fuel, ignoring the necessity for a scale charge adjustment on their VAT returns. The aim of the VAT Health Check, therefore, is to show you how to get it right given your business circumstances and reduce your chances of having penalties for errors levied upon you. The service we offer you includes: o Establishing whether or not you should be VAT registered o Identifying what type of supplies you are making: standard rated, zero rated, exempt or outside the scope. o Ensuring you know how to apply VAT o Ensuring you are familiar with requisite submission deadlines o Reducing your risk of incurring penalties for errors and late submission of VAT returns If you would like any assistance or advice concerning VAT please complete the following section: |
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