Taxation
» Value Added Tax
Originally introduced as a consumer tax VAT is now a tax that
can no longer be left to look after itself. Administered by
Customs & Excise, they have far reaching powers that should
not be ignored.
We can assist in the preparation of VAT returns so as to
ensure that our clients avoid incurring the stringent penalties
and surcharges that exist for late filing and payment of VAT. We can advise on the following areas:-
Who qualifies as a taxable person
Whether a transaction is a taxable transaction
What rate of tax is applicable to the transaction.
Whether a supply qualifies as being zero rated or exempt
Whether a person is required to register & de-register
What schemes are available i.e. cash accounting, margin schemes
etc
Transfer of a business as a going concern. This is a brief review of some of the services we offer in
relation to VAT. Should you wish to make further enquiries
on the above or any other areas please do not hesitate to
contact us.
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