If you have any concerns or worries in relation to a vat investigation or an impending Vat Investigation that HMRC has opened or about to open, Salford Chartered Accountants will help you every step of the way. Our aim is always to provide a complete and professional service and to ensure all liabilities are kept to a minimum for you our client. We have over twenty years’ experience of achieving successful conclusions on behalf of our clients. Not only as Chartered Accountants are we qualified to represent you but in addition we have years of experience in dealing with many types of vat investigations, representing a wide range of trades and professions and achieving acknowledged results for our clients.
We will put forward detailed and concise arguments and ensure HMRC follows all relevant legislation in respect of compliance checks as this legislation places restrictions on the power of HMRC as they carry out their checks in to the vat returns submitted. Our strong team of accountants will ensure you have full representation and are not “brow beaten” or intimidated by HMRC compliance officers at any time. We will always be available to listen to any concerns you have and look to resolve and ultimately find a successful conclusion as quickly as possible. We work very professionally to ensure HMRC does not publically “name and shame” any of our clients as can be the case.
A vat investigation can be opened for several reasons. These may be any of the following:
A vat investigation is a complex and often difficult matter and we would always recommend full professional qualified representation by a Chartered Accountant.
So if you are looking for a fully qualified experienced team of vat experts and accountants to successfully fight your corner and achieve the best possible outcome, please contact Salford Chartered Accountants today. We are happy to review the vat investigation and offer a free consultation without obligation on your part.
IMPORTANT VAT GUIDANCE: Overseas Business Using Online Marketplace to Sell Goods in the UK
Should I register my business for UK VAT?
If you’re an online business selling goods stored in the UK to UK consumers and are based outside of the UK, there’s a high chance that VAT either hasn’t crossed your radar or is being ignored entirely.
You only need to answer one question to know whether or not you can ignore VAT:
Do you have customers in the UK?
If not, carry on as you were. If so, please read the following sections.
Overseas online retailers must pay UK VAT on items you sell which are stored within the UK at the point of sale. You must register for VAT in the UK if you’re an overseas seller making your supplies as a business activity in the UK. The marketplaces you use can be held liable for the online sellers’ VAT.
There is no registration threshold in this situation.
As an overseas seller
Once you are registered, you must:
HMRC can hold you jointly and severally liable for the UK VAT an overseas seller owes if they don’t meet their VAT requirements.
HMRC will identify high risk overseas sellers who aren’t meeting UK VAT requirements. This includes, but isn’t limited to, failing to:
If you don’t register, HMRC can register you for VAT. HMRC can also consider the following:
These measures are in addition to the normal penalties HMRC can impose.
If you continue failing to meet UK VAT requirements, we can inform the online marketplaces you trade through of this. They may then decide to remove you from their marketplace.
If you are an online business based outside of the European Union but selling to UK-based customers, you have three choices when it comes to VAT:
We’d never recommend taking the risk of option one; businesses can be ruined by tax complications. If you have very few UK customers, ceasing business in the UK might be a feasible option, but then you’re missing out on the opportunity to grow your customer base in large markets too.
If your business already has a large UK customer base, or if you are already growing in the UK, then you’re really only left with the option to comply with VAT laws. At Salford Chartered Accountants, we aim to offer hassle-free VAT support to our clients. We can represent you to deal with HMRC; and we will report to HMRC the amount of VAT you’ve paid and file your VAT Return on your behalf which is usually due every 3 months.
Salford Chartered Accountants offer a wide and varied range of related tax and accountancy services from simple company incorporations and business start-up expertise to full representation in the most complex of tax and vat investigations.GET YOUR FREE CONSULTATION NOW