Do you want to add value to calculating your VAT liabilities

Value Added Tax is one of the most complex taxes imposed on businesses – and the one most likely to be incorrectly calculated. Many businesses either overpay their liability and lose out on the use of that cashflow, or underpay and risk interest and penalties.

The scope of VAT is constantly widening, with more detailed and complex changes to regulations being introduced frequently. The proposed harmonisation of rules and rates within the EU is bound to see further changes or amendments.

Some areas of VAT are relatively straight forward and can be dealt with in-house but any complex or more unusual queries are referred to our external specialists either by correspondence or a meeting at the clients premises or our offices.

To assist in this area and to ensure compliance to the regulations and the calculation of the correct VAT liability we offer the following services:

• Advice and assistance on registering for VAT
• Advice on record keeping
• Consideration of special schemes
• Preparation or review of the VAT return
• VAT controls and reconciliation with the accounting system
• VAT planning
• Assistance with overseas VAT issues and Intrastat
• Importing and Exporting issues
• Test compliance visits or assistance at the real visits
• Negotiating with H M Customs & Excise in disputes

To discuss your VAT with the Marriotts Tax team call 01277 236200 or email info@marriottsassociates.com