VAT Advisory Services – Your Business Deserves VAT Clarity
VAT compliance can become complicated quickly. If you’re running a business, you’ve likely faced the ever-changing landscape of VAT regulations. From zero-rated goods to partial exemptions, import VAT issues, and audits by tax authorities, mistakes can be costly.
At Pearl Lemon Accountants, we understand that businesses need more than legal jargon or vague promises from VAT advisory services. You require practical solutions that protect cash flow, lower liabilities, and ensure compliance with tax regulations. That’s what we provide.
Common VAT Challenges and How We Solve Them
Here are a few critical VAT issues businesses face worldwide and how we address them.
1. Import VAT – Understanding Complex International Rules
Many businesses encounter
difficulties with import VAT regulations, especially after major tax reforms in different regions, like Brexit in the UK or changes to EU VAT frameworks. Errors in import VAT declarations can result in costly overpayments or cash flow issues.
Our Solution: We guide you through import VAT processes, such as Postponed VAT Accounting (PVA), ensuring compliance while reducing upfront payments at customs. This preserves capital and eases financial pressure
2. Property VAT aOur Solution:
We guide you through import VAT processes, such as Postponed VAT Accounting (PVA), ensuring compliance while reducing upfront payments at customs. This preserves capital and eases financial pressurend the “Option to Tax” Challenge
3. Partial Exemption Complexities
Industries like financial services face VAT restrictions due to partial exemption rules. Calculating input VAT recovery can be difficult, leading to missed opportunities for tax savings.
Our Solution: Our specialists review your special method agreement and negotiate with tax authorities to secure higher recovery rates. We’ve helped clients increase recovery from 35% to over 70%, saving them substantial amounts.
Our VAT Advisory Services – Solutions for Every Need
1. VAT Compliance and Registration Service
Strict VAT rules require timely registrations, filings, and saccurate documentation. Missed deadlines or errors in VAT returns can lead to penalties and interest.
How We Help:
- We manage VAT registrations, deregistrations, and voluntary registrations globally.
- We conduct compliance audits to detect potential errors.
- We prepare accurate VAT returns, ensuring all details are correct.
How We Help:
- We develop customized VAT strategies for your business.
- We advise on reverse charge VAT, triangulation, and international thresholds.
- We improve VAT efficiency for mergers, acquisitions, and restructuring.
3. Dispute Resolution and Appeals
When tax authorities challenge VAT treatment, penalties and assessments can accumulate rapidly. Successfully appealing requires a deep understanding of VAT law.
How We Help:
- We prepare and submit appeals to tax authorities.
- We negotiate payment plans to ease financial pressure.
- We represent you in tribunals with evidence-based defense strategies.
4. Industry-Specific VAT Solutions
VAT regulations differ by industry. A strategy suited for e-commerce may not apply to construction or financial services.
How We Help:
- Property & Construction: Guidance on VAT for renovations, the Option to Tax, and partial exemptions.
- Financial Services: Structuring VAT treatments to address partial exemption restrictions.
- Retail & E-commerce: Managing VAT compliance for overseas sales, including EU OSS (One Stop Shop) requirements.
Get Started with Us
VAT doesn’t have to be a burden. Let our experts manage compliance, disputes, and strategy for you. We’ll help your business retain more profits while staying compliant with VAT regulations globally.
Book a consultation today to see how our VAT advisory team can support your business.
Frequently Asked Questions
Partial exemption applies when a business makes both taxable and exempt supplies. Input VAT can only be reclaimed on costs tied to taxable activities. We help businesses implement special methods to maximize recovery rates.
PVA lets businesses defer VAT payments at import. VAT is instead declared on the next VAT return, freeing up capital by eliminating upfront costs.
The reverse charge shifts VAT reporting responsibility from the supplier to the buyer, often in industries like construction or for cross-border services. This helps prevent VAT fraud but requires careful compliance.
VAT grouping allows related entities to register as a single VAT entity. This simplifies accounting and reduces intercompany VAT charges.
