VAT Consultancy Service Packages

• Review of capital invoices
• Up-front and end of scheme capital reviews for any scheme over an agreed value
• Procurement advice relating to VAT
• Zero rated catering reviews
• VAT advice in relation to property transactions i.e. sale of property, PFI agreements etc.
• Special method partial exemption reviews
• Review of contracts to determine VAT recoverability
• Ad-hoc VAT advisory

The VAT health check and MTD review is carried out on-site and is designed to:

• Provide additional comfort that the group’s end to end VAT accounting process deals with VAT appropriately
• Prepare the Trust for a VAT inspection as our review is styled to interrogate the businesses controls and processes as HMRC would do.
• Recommend the action to be taken to reduce/eliminate the risks as appropriate.
• Provide assurance that the VAT control environment within the Trust reduces the likelihood of VAT errors arising to a suitable degree.
• Identify any material gaps with respect to the Trusts readiness for Making Tax Digital.
• Increase the finance team’s knowledge and awareness of the UK VAT obligations of the Trust

• Analysis and review of Purchase, Cash and Sales transactions for VAT treatment and recovery including COS
• Reconciliation of VAT Accounts & PEX (PEX annual adjustments & capital scheme review undertaken by VAT Consultancy)
• VAT Return Amendments
• VAT Adjustment Journals
• Managing Client Queries, COS  & Capital*
• VAT Helpline -dedicated client manager
• Ad hoc advice and support on VAT Returns and related queries
• Setting up the client rules for automation
• Cos Year End Accrual
• User Forums

• Completion of VAT Review Schedule
• AD Hoc data reporting

• End to end Process including CIS Return submission to HMRC