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VAT Consultancy Service Packages
Services available through our full package are outlined below which is then priced based on the ‘Tier’ level:
Services
Detail
Tier 1
Tier 2
Tier 3
Tier 4
Enhanced Quarterly VAT Reviews
Enhanced COS VAT Reviews by a Senior Reviewer undertaken off-site
x
x
x
x
Quarterly off-site review and suggested system amendments for sales invoices
x
x
x
x
Quarterly review of charitable funds purchases for eligible reliefs undertaken off-site
x
x
x
x
Enhanced VAT Support
Quarterly face to face meeting
x
x
x
x
Quarterly call to monitor client satisfaction and discuss any queries
x
x
x
x
Three general training sessions and one bespoke (tailored based on feedback) training session per year
x
x
x
x
VAT helpline service
x
x
x
x
Standard Method Partial Exemption/Business reviews
Quarterly review of exempt income to feed into the partial exemption annual adjustment
x
x
x
Combined business/non-business partial exemption standard method, completing the BA and PE annual adjustment
x
x
x
Extended VAT Consultancy Services
- 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
0 hours annually
50 hours annually
100 hours annually
100 hours annually
VAT health check and Making Tax Digital (MTD) review
- 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
x
VAT Compliance Service Packages
Packages can be flexed to suite client requirements:
Services
Detail
Tier 1
Tier 2
Tier 3
Tier 4
VAT Compliance Services
- 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
x
x
x
x
Additional VAT Compliance Charges
- Completion of VAT Review Schedule
- AD Hoc data reporting
x
x
x
x
Construction Industry Scheme
- End to end Process including CIS Return submission to HMRC
x
x
x
x