VAT

Experience shows that VAT is often the most significant tax cost issue for many organisations – not only for businesses but also for the public sector and other not-for-profit organisations. Revenue investigations and Revenue audits of VAT compliance often result in large settlement payments.

At RSM Farrell Grant Sparks, we provide VAT planning services on a wide range of issues which include:

• VAT on property transactions including property leases
• VAT on imports/exports of goods or services
• Application of the correct rate of VAT
• Ensuring you maximise recovery of VAT on expenditure
• VAT legislation relating to specific sectors including financial services

Get VAT advice early

VAT issues can be particularly complex in property transactions, and for not-for-profit organisations, charities, sporting bodies and clubs. Taking advice early will ensure that VAT is properly calculated and the scope for savings is identified.

RSM Farrell Grant Sparks can also advise you on implementing strategic plans to fit in with the commercial aspects of your operations to ensure full VAT recovery and compliance . We can review your transactions to identify any non compliance issues and may also highlight opportunities, if available, to reduce VAT costs.

Related services

Read about related services to VAT planning:

• Property Advisory