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    VAT MOT – MANAGING RISK DELIVERING CONFIDENCE

    You wouldn’t drive your car without it having passed its annual MOT. Well in our view it should be the same when it comes to businesses and VAT. Hang on in there the analogy works. Honestly.

    Everyone knows the UK VAT legislation and regulations are notoriously complex. Even non-tax experts are likely to have heard of the saga involving Jaffa Cakes and their VAT rating.

    Given few businesses have in-house VAT specialists we’ve come up with a new approach to help them avoid HMRC VAT assessments and penalties.

    That’s where our VAT MOT comes in to play.

    Our VAT MOT is very like the MOT you have on your car. It’s a VAT health check for your business. We’ll make sure you’re operating within the VAT rules and your business is roadworthy. It’ll help you stand up to any HMRC scrutiny and avoid potential penalties and fines.

    We’ll look out for the primary VAT issues that typically face businesses trading domestically and internationally. Our review will highlight any risk areas and outline recommendations for anything that needs further exploration or fixing.

    You’ll be firmly in the driving seat when it comes to deciding which areas merit further work or review by our team. Along with identifying any areas of concern our VAT MOT can offer reassurance. Giving you that peace of mind that ‘reasonable care’ has been taken. As required by HMRC.

    To learn more about out VAT services including the VAT MOT take a look here. Or get in touch with Lisa Topliss, our VAT Partner and we’ll send you a link so the person who prepares your VAT return can fill in an online questionnaire, which is the first phase of the VAT MOT process. Investing 30 minutes of your time could save a lot of HMRC hassle longer term.

    Once we have your details, we’ll arrange a follow up call with our VAT experts who’ll take you through the VAT MOT process.

    AUTHOR

    LISA TOPLISS, VAT Partner

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