TAX

VAT SERVICES

UK VAT legislation and regulations are notoriously complex, and few businesses have in-house VAT specialists. It’s no surprise that HMRC are raising an increasing number of VAT assessments and penalties every year.

HOW WE CAN HELP

Our core business focuses on specialist VAT compliance and VAT consultancy. We’ll work with you closely to form a real understanding of your business, looking into the detail behind any transaction and adding significant value throughout the various phases of a project.

VAT gets everywhere and can have major implications for your business. It gets even more complicated if you’re a charity or not-for-profit. Partial exemption rules make things even more complicated. And they’re subject to change.

We’ve helped with everything from:

  • Non-VAT registered holding companies that are carrying on taxable activities.
  • Capital goods scheme obligations on real estate portfolios.
  • VAT arrangements for company car portfolios and the link to HP, leasing and business vs personal use.
  • Correcting where companies haven’t made use of lowest rate of VAT available (refund claimed).
  • Helped where businesses have simply got it wrong. Whether that’s claiming VAT on business entertainment using the wrong VAT rate on multiple transactions or input tax over claims in relation to for example leased cars.
  • We can make sure you don’t get caught out with any nasty VAT surprises.

When it comes to VAT you need to remember that it’s a transactional tax. VAT errors occur in almost every business. Often these are not major errors but the danger with VAT is it can cause ongoing issues. An error can be repeated and compounded with every transaction your business carries out.

Getting it wrong can make you vulnerable to HMRC penalties.

HMRC expects businesses to pay due care and attention to the VAT rules. Whilst HMRC says it doesn’t view penalties as an additional revenue stream, that’s not always reflected in the behaviour of frontline staff.

Penalties for VAT errors are based on the conduct that led to the error occurring. If a business has made an error but has taken ‘reasonable care’, no penalty will be due.

Specialist Compliance and Consultancy

Our core business focuses on specialist VAT compliance and consultancy. We’ll work with you closely to form a real understanding of your business, looking into the detail behind any transaction and adding significant value throughout the various phases of a project.

VAT Services


VAT Advisory

We’ll work with you to mitigate the VAT cost and administrative burden associated with material capital transactions. This includes your estate strategy, your Mergers & Acquisitions (M&A) activity, property transactions and your outsourcing plans.


VAT Compliance Services

From basic support and checking of pre-prepared returns, right through to the full outsourcing of your VAT compliance function – working with our team will give you complete peace of mind.


VAT Litigation and Dispute Resolution

Our VAT team  have a strong, long-standing relationship with HMRC. And we’ve got a huge amount of experience in resolving VAT  disputes in a collaborative, cost-efficient manner – giving you the peace of mind to stay focused on your business and its growth.


Senior Accounting Officer (SAO) regime

We’ll help you with an end-to-end independent review of your internal processes for Senior Accounting Officer (SAO) compliance purposes. We’ll talk you through any risks, and together we’ll overcome the unique challenges this regime can present.


Insights, Technology and Training

We offer market leading products and support to future proof your VAT function. Our solutions give you centralised visibility over global indirect tax obligations, trend analysis, error detection, tailored checks and analytics, and end-to-end process simplification.

Indirect Tax


International Supply Chain

We understand the complexities that come with trading overseas. We can help you conduct a thorough supply chain review keeping you compliant and efficient.


Plastic Packaging Tax

Comes into force April 2022. The tax applies to company’s that manufacture plastic packaging or import plastic packaging into the UK and the plastic packaging contains less than 30% recycled plastic, it even includes packaging that is already filled.


Stamp Duty Land Tax (SDLT)


Customs Duties

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Reviews

PAUL, JAN 2024

“Excellent service for our first year audit.”

DAVID, JAN 2024

“R&D Claim: The results were better than expected. The additional cash will enable us to increase profitability”

ALAN, JAN 2024

“R&D Claim: The results were not as good as previous years. The additional cash will allow us to further invest in our R&D program.”

STUART, JAN 2024

“Great to have a personal relationship with the whole team. Always willing to help. Sometimes a little slow to respond on some issues (but then again so are we). Audit team are brilliant, bar audits far to long now owing to the amount of sample data we have to provide, which is hard when you have a small team and limited time.”

CLAIRE, JAN 2024

“Great team, and much improved communication and pro-active engagement over the past three months.”

MARK, DEC 2023

ROB, DEC 2023

“R&D Claim: Having worked with the R&D team at CP for a few years now, I had a good idea what to expect. As per usual they exceeded our expectations. The additional cash will allow us to invest in our fleet.”

RICHARD, DEC 2023

“Excellent service. Need to ensure pricing is competitive.”

DAVID, OCT 2023

“Good insights provided. Nice team to deal with. Need more consistency of team members and where this is not possible a better handover should be provided to new members. Need strong manager oversight on all audits, in particular where there are complex transactions etc. Improved communication between audit team and finance functions within the business.”

LUCIA, JUN 2023

“Final Packs are taking too long, communication”