At what rate you should account for VAT on the income you receive in UK? Have you properly bifurcated VAT between recoverable and block? How indirect taxes can affect your income and profitability in the UK?

Above are a few questions that you need to address in order to minimize risk and maximize value from indirect taxes in UK.

Analyzing & managing the impact of indirect taxes on business activities and operations has never been more important. In this globalized digital world, rapid changes in ways of doing business and increased dependence on Indirect Taxes by Governments have become challenges for businesses.

In this digital age, UK Government has started using technological aid to enhance compliance and focusing on indirect taxes as a major revenue source. You need to stay updated and manage your indirect tax to minimize risk and maximize the value of your business.

How we can help you

Insights have a dedicated team of qualified VAT experts, who can help you to stay updated with changing regulations & ensure optimum value through managing the impact on overall business. Our indirect tax team has specialized knowledge and expertise. They can guide & support you to meet your VAT compliance objectives. We have qualified staff who have expertise in various sectors like insurance and financial services, land and property, and charities/not-for-profits, and will advise you on any VAT issue that your business faces.

We will help you to plan your business by minimizing your exposure and optimizing your cash flow position. Our specialized services include:

• Planning to identify correct VAT treatment.
• Identifying the significant areas of risk through compliance health checks.
• Dealing & Negotiating with HMRC as and when required in disputes in order to reduce liabilities & agree on payment plans.