VAT planning

By: Lithgow Perkins LLP  06/06/2011
Keywords: tax preparation, tax accountants


Value added tax is one of the most complex and onerous tax regimes imposed on business - so complex that many businesses inadvertently overpay or underpay VAT.

The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of H M Customs & Revenue call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay more VAT than you need to!

In particular, VAT and property can hide many traps for the unwary. With some careful planning beforehand you can obtain considerable cashflow advantages and/or reduce considerably the amount of VAT you pay.

In addition to our where we will complete VAT returns for you, we can also provide the following services to help minimise your VAT burden:

  • advice on VAT planning and administration
  • use of the most appropriate VAT schemes
  • planning to minimise future problems 
  • negotiating with HM Revenue & Customs in disputes and representing you at VAT tribunals
  • performing a “Healthcheck” of your current VAT position

Whether you are buying a business, starting a business from scratch or purchasing machinery, land or property you should always consider the VAT aspects at the earliest opportunity. If you are thinking of doing any of these call our VAT partner Tony Hallinan on 01423 564446 or email Tony at

Keywords: tax accountants, tax preparation

Other products and services from Lithgow Perkins LLP


Retirement strategies

  Everyone hopes to maintain the same standard of living in retirement that they enjoy while working, but to achieve


Capital gains tax

  Whenever you dispose of a capital asset, there is the possibility that you will need to pay tax on


Estate planning

  There are many aspects to implementing a personal tax planning strategy and we discuss these in our pages but


Planning for success

  Everyone knows that a successful business must plan ahead, but all too often the pressures of keeping the business


Business tax planning

  Unincorporated businesses pay income tax and companies pay corporation tax. Whichever type of tax you pay it represents a


Business start-up

  Most people who start up in business do so because they have a good business proposition and the enterprise


Tax returns

  Self assessment has been with us for some time now but it still manages to confuse many people –


Company secretarial

  The last thing you need as a busy business owner is to use up valuable time and resources making



  Administering your payroll can be time consuming and burdensome. Even then are you always sure you have got it


Management accounts

  Every business has a duty under the Taxes Acts to keep accurate and up to date records. We can


Personal tax planning

  With the tax regime becoming more complex and more emphasis being put on taxpayers’ individual responsibilities, everyone who is


Bookkeeping and VAT Returns

  All business need to record their accounting transactions during the year to comply with the Taxes Acts. Larger business



  An audit is an independent review of your accounts by a person qualified under the Companies Act to say


Annual tax compliance

  Once a business has produced its for the year it needs to complete and file either a corporation tax