Advantage VAT Services Limited

20/09/2024

... and before you know it, nearly 15 months has elapsed since I last posted. It's just been so hectic, the house move, the wedding, the rental property, the work!

More soon...

08/06/2023

Latest scam email pretending to be from HMRC. It's certainly got a professional look but lacks real detail. HMRC will always contact you by letter in the first instance on such matters.

01/04/2022

Here at Advantage VAT Services Limited we know a ‘thing or two’ about VAT Assessments and penalties, in particular what makes a ‘good’ assessment.

With our experience and knowledge of HMRC process, Advantage VAT Services Limited are well equipped to contest a VAT assessment and/or penalties on your behalf.

Contact now for a free informal discussion of your requirement.

31/03/2022

New HMRC VAT Penalty Charges delayed.

HMRC plans to introduce a system of new penalties for the late submission of VAT returns, due to apply from 1st April 2022 will now not take place until 1st January 2023.

Existing VAT default surcharge penalties continue at least for the time being where the impostion of such a VAT Penalty can see business penalised by as much as 15% of the net tax declared upon late VAT retruns.

04/01/2022

A happy and prosperous new year to clients, past, present and future.

01/12/2021

A very worthy cause and a fantastic contribution from all at Kieran-Lynch.

Help Kieran Lynch and Co raise money to support The Care Workers Charity

13/10/2021

Avoid late charges or penalties by doing this early. If you don't have the time to do this yourself engage an agent.

We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services.

05/10/2021

Services now listed on the services tab. If it's VAT related and not listed we can do that too.

22/09/2021

Dispute Resolution
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In the course of their duties HMRC Investigators issue thousands of assessments for VAT every year.

The vast majority of these decisions seek to recover VAT from business where insufficent output VAT on sales has been declared or input VAT on purchases has been claimed in error. Often a VAT assessment contains both elements.

The 'decisions' can result from investigations HMRC initiate or
from information voluntarily disclosed by business.

As part of the assessment process HMRC consider whether a penalty is applicable and may conduct an additional investigation to determine how and why the error or errors occurred.

A full VAT enquiry may well review your business records for the last 4 years and result in establishing the presence of multiple errors.

This process can take many months and in some cases years before resolution adding unwelcome source of stress and worry on the business owner.

Errors deemed to be 'Careless' in nature can see penalties levied between the ranged of 15-30% of the initial net tax error. Where HMRC feel they have the evidence to levy a deliberate penalty the rate can be within the range of 50-100%.

Unsurprisingly there is often disagreement with HMRC with regard to the amount of a VAT assessment issued or on the level of penalty determined.

Advantage VAT Services Limited can help if you are:-

i) 'Deadlocked' with HMRC with regard to an assessment issued.
ii) If you are aware of an impending VAT investigation or a decision has not yet been issued.
iii) If you have been trading for some time but would feel the benefit of an Historic VAT review of your business.

Experience...

Director David Hague has a wealth of experience gained from his near 32 year career with HMRC, with 20 years as a VAT Investigator.

'As a VAT Investigator of SME business with turnovers of up to £20,000,000 I visited hundreds of SME businesess issuing hundreds of assessments and penalties, the vast majority of these decisions surviving scrutiny from business and their advisors'.

'with my knowledge of VAT and experience of HMRC proccess I am an ideal choice to thoroughly test HMRC's determination and achieve a better outcome for your business'

Advantage VAT Services Limited will do this by:-

i) Engaging with you to gain an understanding of your business.
ii) Conducting a thorough scrutiny of HMRC's assessment calculations and rationale utilised in their decision making process.
iii) Utilising HMRC's full assessment appeals and review processes.
iv) Acting promptly and in your best interests to affect speedy resolution.
v) Keeping you appraised of developments at all stages.

Please contact myself by phone, windows message or by email to arrange a preliminary consultation where your requirements will be discussed in detail.