Clement Keys
Chartered Accountants

VAT continues to be an extremely complicated and ever changing aspect of UK corporate legislation with failure to comply resulting in penalties being imposed.

At Clement Keys we appreciate that our clients want the peace of mind that their VAT affairs are being dealt with properly.

We can help businesses to ensure that they are fully compliant at all stages of their VAT life cycle, from start up to exit.

We can provide advice and assistance in the following areas:

• VAT registration – we can assist with form filling and ensuring that the necessary supporting paperwork is duly submitted

• Completion and submission of VAT returns – our VAT specialists will ensure that returns are accurately prepared on a timely basis. We will also monitor the ongoing VAT  position of a business to ensure that it is operating under the most beneficial VAT scheme

• VAT planning – we work closely with our clients to ensure that they are fully aware of changes in legislation and are able to take advantage of opportunities to reduce VAT payable. We will also carefully consider the VAT implications of corporate transactions to ensure that any deal is properly structured from the outset to maximise recoverability of VAT

• Provision of advice in relation to VAT rates and schemes – in certain circumstances it is permitted by HMRC to calculate VAT under a special scheme e.g. retail scheme, flat rate scheme or annual accounting scheme

• VAT health checks – we can perform a comprehensive review of accounting and reporting systems together with the underlying methodology  to ensure that VAT is being properly calculated. We will assist with the implementation of any recommendations

• Negotiation with HMRC – in the event that HMRC contest the VAT treatment within a business,  we can provide practical support and advice in investigations, enquiries and VAT tribunals – we have a strong track record in this field and can help our clients in every stage of the dispute resolution process

• General advice and assistance – we realise that there are occasions when our clients need a quick response to a specific VAT query or need a “sounding board” to bounce ideas off – we are here to help