Having effective processes and procedures in place to manage your VAT should help ensure that you are able to pay the right amount of VAT at the right time ensuring you manage your cash flow as effectively as possible and minimise the potential risk of errors arising.
The added benefit of understanding the correct VAT position is twofold:
There is a less chance of customers querying your invoices and delaying payment whilst issues are resolved
Assessments for VAT and penalties are less likely to be raised by HMRC.
Our team of VAT specialists can provide you with advice that helps minimise the impact of VAT on your business.
We also provide the following services: