VAT Specialists
VAT Advice
We pride ourselves in making complex VAT issues understandable, our VAT experts will work with you and tailor specialist advice that reflects your needs.
Expert Advice you can Trust
Our VAT team is headed by an ex-big 4/HMRC specialist with over 30 years’ experience. We can help you confidently navigate through the complexities of VAT.
Specialist Sector Expertise
Although experienced in all areas of VAT, we have particular expertise in specific sectors such as the Property Sector and the Parking Sector.
We also provide advice on other indirect taxes such as Customs Duties, which is an increasingly relevant area given the UK’s exit from the EU Single Market and Customs Union.
Extensive VAT Knowledge
We pride ourselves on our deep technical knowledge and experience in addition to our ability to find solutions to VAT issues.
Identifying VAT Risks and VAT Opportunities
VAT is a tax on transactions, so every single business transaction can potentially be impacted by VAT.
In practice, most transactions are straightforward, but risks and opportunities often arise in relation to transactions that are perhaps out of the ordinary or are subject to a VAT relief or other non-standard treatment.
ETC Tax’s VAT team have decades of experience advising clients on VAT so can help ensure that transactions are being dealt with correctly.
Property VAT
Some of the most complicated rules apply to property transactions. ETC Tax have a wealth of experience working with developers and contractors to ensure that they cover all the bases and get the best result from the outset. We always recommend forward planning when it comes to property transactions. Reviewing plans and proposals in advance typically enables us to highlight potential issues and VAT opportunities and help you take steps to plan properly and make sure any available reliefs or benefits are realised.
Maximising VAT reliefs
We have assisted many clients to maximise VAT reliefs and minimise irrecoverable VAT costs.
Where VAT reliefs and other VAT efficient structures are available, they will only typically apply if certain conditions are met. With our wide knowledge of how VAT reliefs apply in many sectors, ETC Tax are perfectly placed to help you ensure that these conditions are identified and adhered to.
Non-UK businesses
ETC Tax have experience working with lots of international companies who have an obligation to deal with UK VAT, but may not have employees in the UK to assist with this. We are experienced in everything from setting up the VAT registration, deciding how VAT applies and submitting all returns, declarations and correspondence.
VAT rulesVAT registration
We are experienced in assisting clients identify whether or not they should register for VAT and assist them obtain a VAT registration number where appropriate. Where VAT registration is an option but not a requirement, we can advise clients on the pros and cons of registering for VAT.
VAT Returns/Partial Exemption
VAT returns can be complex, especially where a business makes both taxable and exempt supplies. ETC Tax have the knowhow to help businesses and organisations of all sizes streamline their VAT processes and minimise irrecoverable VAT.
Travel & Tour Operators Margin Scheme (TOMS)
The UK’s exit from the EU Single Market and Customs Union had a profound effect on those businesses who were previously accounting for VAT using TOMS, particularly those providing services enjoyed in the EU. EU member states are currently reviewing the position and it is possible that certain EU countries may introduce their own VAT rules if an EU wide agreement cannot be reached.
We have specialist knowledge in this area, so please speak to us if you or your clients are involved in the travel and tourism sector.
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