VAT Health Checks

Ensuring that you are applying the correct VAT treatment to your business transactions will bring peace of mind that you are minimising the risk to VAT exposures and penalties. Our health check service is designed to highlight opportunities and issues in order that businesses maximise potential opportunities and do not store up problems.

Designed to be either a standalone exercise or part of a readiness review in advance of an HMRC inspection, our flexible approach will provide a personalised service tailored to suit your needs.

A standard health check would include a review of:

  • Your supplies/income streams.
  • Your VAT recovery procedure and processes; including your partial exemption method (as applicable).
  • Non-core transactions such as property purchases and sales.

Our VAT health check can help ensure that:

  • Your VAT processes are compliant with current VAT laws;
  • Help demonstrate that you take “reasonable care”; removing any errors from the penalty regime; or
  • Any errors are quantified and disclosed to HMRC before they have the opportunity to uncover it, thus providing the opportunity to reduce any penalty to nil.

In addition to ensuring compliance, our health check will focus on recognising prospective opportunities for saving VAT by ensuring that all available reliefs are applied. Our health check generates real tax efficiencies, allowing you to invest those savings in building a bigger, better and more profitable business.

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