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VAT & Indirect Tax

With VAT currently standing at 20%, there’s never been a more critical time to ensure your sales tax affairs are managed correctly while claiming all available reliefs. Yet, VAT, in all its complexity, can be a taxing tax. The myriad of rules and exceptions, often seemingly illogical, can confuse even the savviest businesses. This complexity is magnified in areas such as property and partial exemption.

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VAT Support Services

Beavis Morgan is here to guide you through the labyrinth of VAT intricacies. Our team of tax experts is poised to help you structure your VAT affairs optimally, ensuring you only pay the VAT legally required in the UK. Moreover, we’ll accompany you through the complexities, making your VAT journey smoother and more efficient.

Key areas where we are able to help include:

E-Commerce – International Structuring for VAT Efficiency

E-Commerce, efficiently managing VAT across international borders is paramount. Our specialists excel at crafting VAT structures that enhance tax efficiency and compliance for cross-border digital transactions. We help businesses navigate the intricate web of VAT regulations, ensuring they only pay what they’re legally obliged to in the UK while optimizing their international VAT strategies.

Financial services

Financial services pose unique VAT challenges due to their complexity and global nature. Our VAT experts are well-versed in handling the intricacies of VAT within this sector. We offer tailored solutions to help you minimise tax liabilities while ensuring compliance with ever-evolving regulations. Whether you’re a bank, insurance company, or other financial institution, we provide expert guidance to navigate the intricate VAT landscape and optimise your financial operations, helping you enhance your VAT efficiency and minimise tax burdens.

Partial exemption

VAT partial exemption is a complex area that requires careful management to maximise VAT recovery while staying compliant. Beavis Morgan’s VAT specialists understand the intricacies of partial exemption rules. We work with you to identify opportunities for VAT recovery, ensuring you only pay what you’re legally bound to. Our expertise extends to various sectors, allowing us to provide tailored solutions that align with your specific industry needs. Whether you’re in finance, property, or any other sector subject to partial exemption rules, we’re here to help you optimise your VAT position.

Property

VAT in the property sector can be a labyrinth of rules and regulations, and without expert guidance, you risk overpaying or falling foul of compliance. Our VAT specialists are well-versed in property-related VAT matters. We’ll help you navigate through the complexities, ensuring you pay only what’s legally required. Whether you’re involved in property development, investment, or transactions, we offer tailored solutions to suit your needs, optimising your VAT position and protecting your bottom line while staying in line with HMRC regulations.

VAT inspections

VAT inspections can be daunting and financially impactful if not managed correctly. Our VAT experts are well-prepared to help you navigate through VAT inspections. We will ensure your records are in compliance with the latest regulations, minimizing your risk of penalties and fines. With our guidance, you can confidently face VAT inspections, knowing your tax affairs are in order. Don’t let the prospect of a VAT inspection stress you out; let us handle the details while you focus on your business.

VAT in relation to Cross-Border or Domestic Supplies of Goods and Services

Navigating VAT compliance, especially for cross-border transactions, is a complex endeavour. At Beavis Morgan, we offer specialized VAT consulting and compliance services tailored to your business’s unique needs. Whether you’re dealing with domestic or international supplies of goods and services, our experts provide comprehensive guidance to ensure your VAT obligations are met accurately and efficiently. With our assistance, you can navigate the intricate VAT landscape, minimize risks, and maintain compliance, allowing your business to thrive amidst the complexity of VAT-regulated transactions.

Making Tax Digital for VAT (MTD for VAT)

MTD for VAT is a transformative initiative by HMRC to modernize tax reporting and compliance for businesses in the UK. Under MTD for VAT, businesses are required to maintain digital records of their VAT transactions and use HMRC-approved software to submit VAT returns. This digital approach aims to streamline the VAT reporting process, reduce errors, and enhance transparency. Beavis Morgan can assist your business in adapting to MTD for VAT, ensuring compliance, and optimizing your VAT reporting processes in the digital era.

Automation of VAT Accounting and Data Visualisation

We offer expertise in automating VAT accounting processes and harnessing data visualisation techniques to enhance transparency. We assist businesses in implementing efficient systems that streamline VAT-related tasks and facilitate clearer data visualisation for better decision-making. Our services encompass automating VAT transactions, data analysis, and reporting, enabling you to identify exceptions and anomalies promptly. This automation not only enhances compliance but also optimises your VAT operations for greater accuracy and efficiency in financial management.

International Supplies and Branch Activities

Dealing with international supplies among group companies and managing overseas branch activities can be a complex undertaking. Beavis Morgan offers expert guidance to navigate these intricate matters. Our comprehensive solutions include advice on international transactions, ensuring compliance, optimising tax efficiency, and minimising risk. We assist you in developing strategies and tailored, practical solutions that align with your business objectives, helping you make informed decisions that positively impact your international operations and meet your unique needs in this complex area of taxation.

Customs and Excise Duties Solutions

Beavis Morgan’s customs and excise duties team provides comprehensive guidance to navigate the complexities of post-Brexit trade and global supply chain challenges. We offer practical strategies and solutions to help clients with customs, international trade, and excise duty issues. Our focus is on delivering value-added compliance and efficiency. We provide clear direction in customs and excise duty strategies, ensuring your business remains compliant while optimizing your international trade operations for competitiveness and growth.

Environmental Indirect Taxes

Navigating sector-focused indirect taxes like landfill tax, aggregates levy, climate change levy, and the new plastic packaging tax can be daunting. At Beavis Morgan, we help businesses understand and comply with these fast-emerging tax regulations. Our comprehensive approach covers compliance, education, data management, and reporting. We empower you to align with Environmental and Social Governance (ESG) strategies, promoting sustainability and efficiency in your supply chain. Our team offers expert advice, integrating tax strategies with digital reporting and data visualisation, allowing you to make informed decisions and reduce your environmental footprint.

Complimentary Consultation

Beavis Morgan is here to guide you through the labyrinth of VAT intricacies and accompany you through the complexities, making your VAT journey smoother and more efficient. Request your free, no obligation consultation today.

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Your VAT Key Contacts

Barrie Dunning
Client/Tax Partner, Beavis Morgan
Neal Groves
Neal Groves
Client Partner, Beavis Morgan
Joanne Holland
Personal Tax Director, Beavis Morgan
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