VAT and duty

VAT and duty

How we can help you manage VAT and Duty

We are an experienced team of VAT and Duty specialists, that provide clear advice and solutions to our clients’ indirect tax issues.

We have significant practical experience of advising a broad range of entities. These include owner managed businesses, large multinational corporates, entities with international supply issues, charities and other not-for-profit entities, colleges and schools, property groups and high net wealth individuals with investments.

Kreston Reeves is one of the largest accountancy firms practising in the South East of England with over 550 staff based in London, Kent and Sussex. Membership of Kreston International, one of the largest worldwide networks of accountants and business advisers ensures that the firm has a truly global reach.

Our services include:

International VAT

We are part of the VAT ‘Special Interest Group’ within the Kreston International Network of independent accountants and business advisers. The Group consists of 60+ VAT specialists located all around the globe.

We advise on compliance matters and effective structuring, manage EU-wide supply projects, achieve registrations in applicable countries and complete VAT returns and other statistical declaration obligations for our clients.

VAT consultancy services

We can assist you in advising on specific transactions or we can undertake reviews of your business to understand the issues you may have, or opportunities where more VAT than appropriate is paid.

We provide clear, innovative and commercial solutions to issues and help in implementing changes to your VAT system, or in making disclosures and submissions to HMRC as appropriate. We believe in understanding your business in long term relationships in order to offer the very best service.

VAT registration and de-registration

Our team can assist with the application process for registration, VAT grouping and de-registration and advise on the implications of such action in order that potential pitfalls are identified.

Negotiations with HMRC

We have years of experience in successfully handling disputes between HMRC and businesses, including seeking ‘clearances’, decision reviews, appealing surcharges and appeals through Tribunals.

VAT recovery

We undertake UK and international VAT recovery claims.

Duty advice and claims

We advise on the correct Duty payable on import, and undertake reviews given that the classification of goods in order to pay the right Duty is often a challenge. In conjunction with our reviews we submit and manage claims to HMRC for overpaid Duty.

Training

We are experienced in providing general VAT training, or in developing bespoke VAT training events for clients in sectors such as charities/not-for-profit.

Sector expertise

  • Land and property – acquisition, disposal, going concerns and development (including charitable, residential, conversions and mixed schemes)
  • International – goods and services – trading in the EU and worldwide
  • Charities, not-for-profit including CICs
  • Education – colleges, independent schools and academies
  • VAT partial recovery methods – devising and agreeing with HMRC Partial Exemption Special Methods and business/non-business methods (particularly in charities, education, finance, insurance, health, sports and ecclesiastical sectors)
  • Farming
  • Manufacturing
  • Media services, conferences and exhibitions
  • Travel and transport services
  • Retail

Specialist advice on all indirect taxes

We also offer specialist advice on all indirect taxes including:

  • Excise Duty
  • Insurance Premium Tax
  • Air Passenger Duty
  • Aggregate Tax
  • Landfill Tax
  • Climate Change Levy
  • Stamp Duty

How we can help

To discuss how we can help you in managing VAT, Duty and other indirect taxes, please contact us to arrange to speak with one of our specialists.

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