BUSINESS 4NETWORKING [VAT is a simple tax...]

Mark Chesham
BTG Tax
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... that was the promise of the Chancellor of the time back in 1973...

Well, it probably is provided you don't

• undertake any type of property transaction (buy, build, sell, lease, refurbish or repair)
• make any supplies which are exempt from VAT (e.g. provide financial or insurance services, operate as a charity, a nursing home, a betting shop, a funeral parlour, an education establishment, a museum, a theatre, a zoo..)
• deal in goods or services which whilst similar in nature may have different VAT liabilities (e.g. printed matter, caterering and take away food)
• make mixed supplies (e.g. sell goods with insurance or club membership with a booklet)
• run business promotion schemes
• import or export goods and/or trade with EU suppliers and customers
• buy or sell a business
• have bad debts
• supply staff
• deal in mobile phones and computer chips
• entertain clients 
• get charged interest or penalties
• have a dispute with HMRC
• etc etc

You probably get the picture.  Unless you are a relatively small business making only VATable supplies, VAT is far from simple.  [And even if you are such a business, have you considered the simplification schemes available, e.g. cash accounting, annual accounting or the flat rate scheme and are these appropriate].

At Chesham Consultancy, we provide a range of VAT advisory services to all types of business.  This may be a one off piece of advice on a specific transaction or up to a detailed review of VAT accounting systems or a review of a supply chain to identify savings opportunities.  We can also provide tailored staff training and assistance/representation at meetings with HMRC inspectors or Head Office. 

If you have any questions or issues on VAT - or know anyone who does - please get in touch.  We work nationwide (in fact we also have clients overseas) so geography is not a problem.

Thanks for your time.

Mark Chesham

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Mark Chesham