VAT Advice

Tax specialists in Sheffield, Doncaster and Northampton

VAT

VAT is a tax that has grown significantly in both rate and complexity since its introduction in 1973. Businesses need to ensure that they know the correct VAT treatment of all types of sale that they make, and to reclaim the right amount of VAT that they have incurred.

Increasingly businesses are trading across and beyond Europe, and it is essential that international sales and purchases are correctly accounted for and reported.

Some of the terminology used can be confusing: supplies made by or to a business can be standard-rated, zero-rated (which is “taxable”), exempt (which is not taxable), or subject to a reverse-charge. The VAT treatment of international supplies can be affected by whether the supply is of goods or services, the particular type of supply, whether the supplier or customer is inside or outside the EU, whether the customer is a business or consumer and whether there are specific rules for the type of supply being made.

Hawsons’ VAT experts provide detailed VAT advice to businesses to enable them to apply these rules to their circumstances and properly account for VAT.

Our services

  • Advice on whether VAT registration is compulsory or desirable
  • VAT registration
  • VAT return completion and submission
  • Application of VAT to particular purchases and sales
  • Consideration of special VAT schemes (Cash accounting, Flat-rate scheme & Annual accounting)
  • VAT on property transactions and options to tax
  • Partial exemption methods and calculation
  • De-registration

VAT planning

Many one-off transactions require expert consideration to optimise the VAT position.

There are specific rules applicable to property transactions and VAT, so it is important to fully understand the implications and alternatives when buying or selling property. VAT charged on a purchase may be able to be recovered, and the purchaser may need to opt to tax a property and understand the implications of doing so.

We provide advice to groups of companies about structuring transactions to minimise and simplify VAT, and consider whether a group registration is beneficial for financial or administrative reasons.

Contact us for a free initial meeting

To find out more about how one of the leading firms of accountants in Sheffield, Doncaster and Northampton can help you, please contact one of our specialists. We believe in long-term client relationships and understand the importance of meeting to establish that you like us and we like you. This is why we offer all new clients a free initial meeting which will enable you to have a discussion about you and your business issues.

To book your free initial meeting, please click here.

We look forward to hearing from you!

SAC

Stephen Charles

Tax Partner, Sheffield

0114 266 7141

[email protected]

Martin Wilmott 5

Martin Wilmott

Partner, Doncaster

01302 367 262

[email protected]

David Cairns

David Cairns

Tax Partner, Northampton

01604 645 600

[email protected]s.com

Our offices

Pegasus House, 463a Glossop Road, Sheffield, S10 2QD

5 Sidings Court, White Rose Way, Doncaster, DN4 5NU

Jubilee House, 32 Duncan Close, Moulton Park, Northampton, NN3 6WL

Sheffield

0114 266 7141

Doncaster

01302 367 262

Northampton

01604 645 600

Contact

Get in touch

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