VAT Health Check and Reviews
Once a new VAT system has been implemented, you have considered how it affects your business and you have taken steps to put in place all the necessary steps for VAT compliance, it is tempting to think that all the work has been done. This is not the case.
It is vitally important that processes are developed and maintained to ensure that your business is aware of changes in interpretation and development of legislation that impacts your business. In addition, new supply chains and purchase/sales transactions need to be evaluated to ensure that they are being treated appropriately.
Therefore, after the new VAT system has been in place for a short period, businesses are likely to need reassurance that the way in which they are dealing with VAT is adequate and will not cause them commercial or reputational harm.
We can assist you in performing health checks and reviews which can be tailored to your specific needs and requirements.