VAT and Indirect Taxes
Grant Thornton understands that all organisations want the peace
of mind that comes with knowing that they are dealing with their
indirect tax affairs efficiently. VAT can represent up to 20% of a
businesses cash flow; for around one in ten it also represents a
real cost. We minimise the impact of indirect taxes for all types
of organisations; from global companies and large plc's, AIM listed
companies, owner managed businesses and inbound investors in start
up situations, through to not for profit and government bodies.
Our national team of over 60 indirect tax specialists will
identify the issues that you face. We advise on VAT, Customs
Duty, cross border activities, VAT compliance requirements,
landfill tax and other indirect taxes. Our size means that we are
able to specialise in those sectors where VAT is a particular issue
while retaining the ability to provide a responsive and cost
effective solution for all indirect tax matters.
Your business will need to consider the impact of indirect tax
at all stages of its development, from the initial requirement to
register for tax through to internal restructurings, acquisitions,
overseas expansion and disposals of parts of the business. If you
undertake international supplies of services, the place of supply
and liability will need to be determined. If you trade
internationally in goods, all the Customs Duty implications such as
classification, valuation, reliefs and preferential rates have to
be assessed.
At all stages of the business cycle, a VAT registered
organisation must ensure its compliance procedures are robust
enough to protect it from exposure to errors and smart enough to
maximise its cash flow position. Where options exist on how to
structure a transaction, the VAT costs need to be taken into
account.
Grant Thornton is able to help you with all of the above,
drawing on extensive experience of successfully reviewing
procedures and practice, applying technical excellence and
creativity to produce practical and commercial advice. We have a
first rate track record of negotiating successfully with the
Revenue to reach acceptable settlements, but where that cannot be
achieved, we assist our clients to progress the matter through the
Tribunal, and if necessary the courts, to a satisfactory
conclusion.
The indirect tax partners and staff of Grant Thornton look
forward to the opportunity to resolve your problems and help you
achieve your commercial objectives.