Value Added Tax (VAT)

Dealing with Value Added Tax (VAT) can be complex and time-consuming, particularly if your business operation includes goods and services that may be discounted or exempt, or if you trade internationally.

But with the right support and advice, you can reduce the risk of penalties, potentially improve your business cash flow and free up more of your time to focus on your true business objectives.

How we can help

Old Mill’s specialist VAT team works with UK and international businesses on a wide range of VAT-related issues. As well as advising on VAT from registration through to managing your business across the entire supply chain, we will also liaise with other parties on your behalf to secure solutions. Our bespoke advice on VAT issues includes a strong focus on land and property enquiries and international VAT, and our team keeps up-to-date on the constantly changing landscape of VAT legislation – so that you don’t have to.

We can help you to plan for VAT before setting out on a new venture, including setting up overseas, buying or selling a property or raising finances, and our team addresses compliance issues proactively to help you avoid penalties.

The specialist VAT areas that we can advise you on include:

• Health check reviews identifying both VAT risks and opportunities for savings
• International tax and dealing with trading outside the UK
• Land and property transactions, and the option to tax
• Acquisitions and disposals
• Succession – new entities and trust entity implications
• Diversification – VAT queries and strategy
• Brexit – compliance now, international buying and selling, streamline logistics
• Making Tax Digital
• International trade
• Compliance – penalties and interest, returns and payments, registration, reviews and audits
• HMRC enquiries and negotiations
• Indirect tax investigations, independent reviews and appeals to the Tribunal

To chat to us about your plans, get in touch with us or make an appointment with one of our tax experts at one of our offices in Exeter, Wells, Chippenham an Yeovil.