Specialist VAT advice can really make a difference.
We recognise that Value Added Tax is a complex area to understand. The wrong move can cost you in penalties, or you could lose out on claims which you are entitled to.
Hazlewoods can guide you through the labyrinth of complex laws, to ensure that you are not missing out or, indeed, leaving yourself open to any potential penalties.
Our in-depth knowledge and experience allows us to fully understand your needs, so that we really can provide you with the right advice.
Our compliance services include:
- Reviews of particular transactions where complex tax rules apply
- Reviews of partial exemption agreements and calculations
- Deregistering for VAT
- Helping you determine whether you need to register for VAT
- Registering for VAT
- Completion of VAT Returns
- Helping you determine whether any of the available HMRC VAT schemes would be beneficial to your business.
- For example:
- Flat rate VAT scheme
- Annual accounting VAT scheme
- Cash accounting VAT scheme
- VAT retail schemes
VAT planning services
Our experts are also on hand for all your VAT planning needs. With years of experience, they can provide practical and commercial solutions, whilst having the in-depth technical knowledge required.
Our planning services include:
- Helping you prepare for HMRC VAT assurance visits, including pre-inspection “health check” and attendance on site during any visit
- Negotiating with HMRC on your behalf during any disputes, including presenting cases at Tribunal
- Advising on land and property transactions to minimise the VAT
- Advising on structuring business acquisitions and sales, including group reorganisations to minimise the VAT
- Reviewing the international implications of any transactions
VAT advice for specific industry sectors
Over a number of years, our VAT team have built up expert knowledge of the VAT issues affecting each of the industry sectors for which we act.
Advisory Fuel Rates
To see the new advisory fuel rates, effective from the 1 March 2016, please click here.
Client case study
VAT treatment of payments under sponsorship agreement between sports club and charity
Background: HMRC had asserted that the sports club should account for VAT on payments received under a sponsorship agreement with a local charity, and raised an assessment for nearly £100k. They stated that the fact that the charity’s logo appeared on the player’s jerseys did not mean that the club was providing advertising to the charity (which would be a zero-rated supply). They maintained that, for a supply to amount to “advertising”, something specific had to be advertised and the mere display of a logo was insufficient.
How we helped: working in conjunction with Tax Counsel, we firstly persuaded HMRC to drop their opposition to the club’s hardship application, meaning that the club’s appeal against the assessment could be heard by the Tribunal without prior payment of the VAT demanded. We then put forward a detailed and forceful argument as to why the club’s supply did amount to “advertising”, pointing out to HMRC that their stance contradicted guidance in their own manuals! Ultimately HMRC accepted the argument prior to the appeal being formally heard, and withdrew the assessment (and the threat of associated penalties). We are currently discussing the possibility of compensation for our client’s costs incurred.