Special Services
EU and Global VAT recovery and registration
The VAT Consultancy has the international VAT knowledge and expertise to ascertain and analyse client VAT recoverable levels in country. Once the amount of un-recovered VAT is determined, we can (with client consent) compile and submit EU directive claim(s) to recover unclaimed input VAT.
Future client activity levels in country can be gauged to identify if registering for VAT is merited. The VAT Consultancy can register and submit returns and advise with future VAT activity in country.
The benefits of this service:
- Proactive VAT recovery on a timely basis
- Enhanced cash flow
- Elimination of VAT as a cost
- Initial registration & subsequent submissions undertaken with minimal client involvement
Historic recovery of Global VAT inputs
Dependent on the country, un-recovered VAT input can be reclaimed up to 3 years following the tax point date of the invoice.
The VAT Consultancy can advise , construct and submit claim(s) for you under the EU 8th or 13th EU Directives were you have incurred VAT inputs in countries were you are not VAT registered.
The benefits of this service:
- Recovery of “historic” input VAT that has been dormant or deemed unrecoverable.
- Elimination of VAT as an historic cost.
- Nominal client involvement. (All VAT inputs will need to be supported by original invoices and be VAT compliant )
VAT System & Documentation Review
We offer this service to pro-active clients who wish to ensure that their VAT reporting systems are cohesive, comprehensive and documented. A full review of the data capture from the source documentation (sale and purchase invoices), followed by full analysis of the data flows “feeding” payable & receivable ledgers, culminating in the reconciliation and compilation of the reported figures in the VAT return. Your end- to-end process of VAT compliance will be efficiently re- engineered (where required) and fully documented for user guidance.
The benefits of this service:
- Enhanced VAT reporting structure
- Cleansed and fully analysed reporting ledgers
- Transparent and effective VAT reporting operation
- Full check of source documents to comply with the EU Invoicing Directive
- Fully documented VAT reporting process
- Timely VAT submissions
Third Party Representation of VAT advice for non local business entities
The VAT Consultancy will be able to advise or provide Third Party VAT Representation for clients in countries where either a Permanent Establishment or a non Permanent Establishment is required. We can advise with the VAT formalities and VAT set up when you commence operating in country. We can also place you in contact with other professional bodies for local advice on company formation and country specific legislation.
The benefits of this service:
- Lesser problematic registration of foreign business entities for trading purposes and to be compliant locally
- Country compliance where VAT registration of non-local business entities is mandatory
- To obtain a greater standing in the local business community to acquire a smooth process of business applications and to form strong links with local legal & business representatives that have good relationships with regional & national government departments.
UK VAT Audits - Prior to HM Revenue & Customs VAT inspection
The VAT Consultancy has the knowledge and expertise to undertake in full pre UK VAT inspection audits. Clients who are scheduled or are anticipating VAT inspections will receive the comfort of a comprehensive pre VAT audit review.
We also have the international experience and can offer the same service to clients who are scheduled or are expecting a VAT inspection for a non-UK VAT registered entity.
The benefits of this service:
- Cleansed and fully analysed reporting ledgers to be presented to HM Revenue & Customs (or local country VAT jurisdiction)
- Full numerical check of the sale and purchase ledgers that “feed” the VAT return
- Minimal client time in explanation of data presented to the VAT inspector
- Full check of source documents ensuring compliance with EU Invoicing Directive
- Potential reporting fines will be eradicated
The VAT Consultancy would like the opportunity to discuss with you or your Indirect Tax departments the VAT “health” of your business. In the meantime if you have any questions or require any Indirect Tax assistance please contact Peter Bradshaw.
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