VAT consultancy

If your business is VAT-registered, you will know only too well that VAT is a complicated and constantly changing tax, which also affects different companies in different ways.

You’ve also probably come across situations where the complexities of VAT law have led to confusion about whether you need to pay VAT on a particular item or service.

So professional advice and guidance from VAT experts is crucial to prevent you becoming a victim of VAT pitfalls and protect you from VAT inspection, while helping you take advantage of areas where VAT recovery can benefit you.

Our specialist tax team includes tax professionals who are Associates of the Institute of Taxation and members of the Association of Taxation Technicians and the Society of Trust and Estate Practitioners.

In a competitive business world, their expert and informed advice can give you a valuable advantage in knowing which services are VAT-exempt and in which circumstances, and to clearly understand the impact the tax can have on your company. One particularly complex area, with which we frequently deal, relates to VAT on land and property.

We can help you with

  • VAT tribunal work
  • VAT planning
  • VAT on property

 

News Update: Budget 2008

In 1997 a three-year cap on claims for over-declared output tax or under-claimed input tax was imposed. However, the law contained no transitional provisions. Consequently, the House of Lords held in the landmark cases of Fleming and Conde Nast Publications in January this year that the cap only applied to claims on rights that had accrued since 1 May 1997. From 31 March 2009, by new transitional provisions announced in the budget, the cap will be imposed on claims relating to VAT rights that accrued before 1997.

Therefore, if you think you or your company may have a VAT claim for tax periods prior to 1997, you now have less than 2 years to make the claim.

For more information speak to Alan Neal on 0845 55 55 321 or
email: alan.neal@mfgsolicitors.com

 

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Meet the Team:

Alan Neal
Steve Holden
Gary Priest


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