VAT services

We have a dedicated team of VAT advisors with years of experience who can help with everything from registration through to complex structuring. Our timely advice can help you avoid costly mistakes and achieve big savings.

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VAT Advisors

Every year, VAT regulations become more complex. Our team’s experience puts us in a good position to guide our clients through this. Click on the below icons to see how we can help.

General VAT advice

Compulsory registration

Voluntary registration

Ongoing obligations

HMRC enquiries and investigations

VAT reviews

Property transactions

VAT issues around transactions involving land, property and construction are notoriously complex. You could easily fall foul of the rules in this area and lose out on VAT recovery, and risk increasing the cost of Stamp Duty Land Tax.

Because of the risk of error and the large amounts of money involved, we recommend that the VAT implications of all property transactions are reviewed at the earliest possible opportunity.

Partial Exemption

Businesses which make both VAT taxable and VAT exempt sales, need to undertake partial exemption calculations to determine how much VAT they can recover on their costs. It’s easy to overlook the need to perform these calculations especially for a business that is newly partially exempt.

The prescribed HMRC calculation method doesn't always give the best outcome for a business. Larking Gowen can help you to agree a Partial Exemption Special Method with HMRC and advise on the best way to maximise your VAT recovery.

Charities, not-for- profit organisations, and education providers

VAT is particularly complex for these types of organisations and identifying ways to minimise the VAT being incurred on costs, in the first instance, is key to managing the cost. Making sure that as much VAT as possible is recovered and that VAT is charged correctly will also be important in making sure that VAT filings are robust.

VAT schemes

HMRC offer a variety of special VAT schemes which can save businesses time and money. Each scheme has its own set of eligibility criteria, and what’s appropriate for one business may not be for another.

Our team can review your circumstances and advise on the most efficient VAT scheme for your business.

International trade

Trading cross-border in the post-Brexit world can bring new challenges and reporting obligations for many businesses. Understanding your VAT and Customs Duty implications can ease plans and minimise disruption.

Larking Gowen has access to specialists based internationally from within the Prime Global association to provide you with a complete commentary on what your business needs to trade internationally.

Specialist areas

Our VAT specialists have a thorough knowledge of sectors where VAT issues can be complex. The right advice can help you avoid penalties and minimise your costs.

These sectors include:

Relevant Insights

Blog

VAT year end: What VAT adjustments do you need to make?

Monday, 29 April 2024

It’s time to stop and think about the end of the VAT year. We explain what adjustments you may need to make, especially for those in the Capital Goods Scheme or Tour Operators Margin Scheme.

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VAT for independent schools

With the education sector facing possibly one of its biggest changes, our VAT specialists look at the possible scenario of a new Government removing the VAT exemption for independent school fees.

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VAT in the optical sector

Opticians could be paying too much VAT on the sale of their products. Find out how we can help you make sure you’re not paying more tax than you should.

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VAT Think it’s just 20%?

Our team has VAT specialist knowledge in a number of sectors, notably the not for profit sector, property, automotive, retail, education and local authorities.