VAT

We are VAT specialists – that’s a given. What sets us apart is how we communicate that expertise. We don’t quote chapter and verse from HMRC regulations; we’ll answer your VAT questions directly and in plain English. Of course, the final decision is yours, but we’ll always give you the advice we think is in your best interests.

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Why haysmacintyre

Our VAT team is larger than those in many mid-tier firms and our breadth of experience reflects the variety of clients we work for.

On any day, we might be advising on an international sports event, a multi-million pound restoration of a heritage asset and the acquisition of an extensive property portfolio. Certainly we’ll be glad to help you set up for VAT, get you registered and complete your return, but the majority of what we do is advisory. Clients come to us and stay with us, for our skills at demystifying VAT and simplifying their situation.

The key to this is our understanding of what you do and how you do it. Utilising the varied backgrounds of our team, we put ourselves in your shoes and advise accordingly – thinking and working as part of your team. Our analytical yet personable approach, means we’re highly proficient at solving your VAT problems.

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We can advise on the whole range of VAT services and queries, whether you’re running a Not for Profit organisation, a company of any size or come to us as a private client. We’ll guide you through all the various reliefs and grey areas to present a clear picture of your options and our recommendations.

  • Compliance
  • Partial exemption methods and planning
  • HMRC enquiries and disputes and Alternative Dispute Resolution (ADR)
  • Mitigating penalties
  • Property transactions and fundraising
  • Capital projects
  • Managing VAT cashflow
  • Cross-border transactions
  • VAT reviews

HMRC has become increasingly determined to maximise its revenue and for some clients that can seem worrying. Yet a rational, objective response usually succeeds. On the very rare occasions we have to resolve a VAT dispute in court, the result is almost always in our client’s favour.

Brexit may mean we’re no longer part of the EU, but Europe is still our biggest market, and we work regularly for clients active in UK/EU trading. We work with MSI global alliance in Europe and around the world, to ensure the smoothest possible VAT transactions and compliance on exports and imports.

Changes to the processing of option to tax forms by HMRC

Following a recent consultation, HMRC have confirmed that with effect from 1 February 2023 they will no longer be issuing acknowledgement letters confirming that an option to tax notification has been submitted. Historically, when an option to tax form (VAT 1614A) was submitted to HMRC, they would issue an acknowledgement letter confirming receipt. The acknowledgement […]

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VAT return meeting

New VAT interest and penalty rules

The old position Up to and including 31 December 2022, if a VAT return is not submitted and paid in full on time, then a taxpayer will be subject to the Default Surcharge regime. This provides that in the case of a first default, the taxpayer is sent a warning notice known as a Surcharge […]

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Corporate VAT and Tax update Q4

To download the full publication, click the link below.

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Not for Profit VAT and Tax update – Q2 2022

Everything starts with good intentions, and I had hoped to be able to write this quarterly. It was all going so well, but then Q1 of this year did, of course, clash with our year end and somehow, I never recovered sufficiently to write anything in April, and then the last two months have flown […]

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haysmacintyre: Is your structure fit for purpose? Overview of VAT for property businesses

Transfers of a Going Concern (TOGC) One of the key areas for any business involved in the buying or selling of property is the question of whether a sale or purchase can qualify as a Transfer of a Going Concern (TOGC). If a transfer qualifies as a TOGC there is no VAT chargeable on the […]

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COVID-19

Please visit our dedicated COVID-19 page on the range of financial, tax and accounting measures being introduced with our related thoughts/insights on helping businesses during this time.

View our COVID-19 articles here

I like that you have a one-stop shop, not just one accounting discipline…we often get complex VAT scenarios, require corporate tax advice or simply need employment guidance etc and they have never let me down. I’d put haysmacintyre at the top. I think they just get it from a client perspective.

Tim Pain

Verve Properties

Insights

See all of our latest news related to VAT.

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Insights
Corporate
VAT and prompt payment discounts: TalkTalk Telecom v HMRC

To some extent, the case is of academic interest because the relevant legal provision is...

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Insights
Property
Changes to the processing of option to tax forms by HMRC

Following a recent consultation, HMRC have confirmed that with effect from 1 February 2023 they will no...

Read more
VAT return meeting
Insights
New VAT interest and penalty rules

The old position Up to and including 31 December 2022, if a VAT return is not submitted...

Read more
Insights
Property
Ventgrove Ltd v Kuehne+Nagel Ltd case

The case in question revolved around a lease agreement between Ventgrove Ltd as the landlord...

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Insights
Corporate
HMRC issues guidance on VAT treatment of dilapidation payments

You will recall that HMRC released a Brief at the end of 2020 which set out...

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Insights
Property
VAT treatment of payment to exercise break clause

There has been considerable uncertainty in property related matters regarding payments related to property which...

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Awards and Accreditations

eprivateclient top accountancy firm 2022

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