VAT compliance and risk management
HMRC is tasked with ensuring businesses are compliant, so it is important to pay close attention to this area to avoid any unnecessary assessments for VAT, interest and penalties. Businesses need to correctly identify the liability of supplies, the time and place where supplies are deemed to take place and the amount of VAT due. In addition, input VAT can be subject to many restrictions which can complicate the compliance process. Our VAT specialists will provide you with clear guidance to ensure you report and submit accurate information to HMRC, effectively managing any VAT risks.