VAT Planning

Providing unrivalled customer service

Demystifying the complexities of VAT

VAT is a complicated area of taxation. If you are new to VAT then HM Revenue & Customs provide some good explanatory information.

Mapus-Smith & Lemmon can assist with the following:

- Registration for VAT -
- Changes in registration -
- Calculation of VAT liabilities, including completion of HMRC VAT Returns online -
- Submission only of VAT Return online -
- De-registration -
- Flat Rates Scheme including application and selection of appropriate rate and the pro’s and con’s -

There are three different VAT rates and many different areas that require specialist knowledge which we have

  • VAT on property transactions – This can be a very complex area and it is essential to take early advice to avoid pitfalls
  • Partial exemption – Calculation and the use of a suitable basis is difficult to establish and errors can be made costing businesses thousands of pounds
  • Business sales and the transfer of a going concern, analysis of VAT position of such transactions
  • Overseas and foreign VAT issues
  • Intrastat reporting requirements
  • Record Keeping requirements
  • Identifying input VAT and calculating recoverable VAT


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