VAT Advice and Services

From technical VAT consultancy projects to ensuring you stay up to date with changes to rules and regulations

Our team of experts has experience of working as HM Revenue and Customs officers and as such are able to help you understand the ever changing case law, legislation and guidance in order to help you stay compliant.     

VAT planning helps you make the most of every transaction

  • Identify the best time to register and the most suitable VAT accounting method for your business
  • Develop good procedures and rigorous systems

We will guide you through your return submissions and errors, and can even negotiate with HMRC on your behalf.   

We will carry out a regular VAT 'health check' of your business to make sure you don't pay unnecessary VAT and you recover the maximum amount you can.

Different because you are

We pride ourselves in providing individually tailored services to our clients. Whatever your aspirations and priorities in business and life, we will be by your side with expert advice from local specialists. It is because your needs are unique, that the solutions we provide are distinct and personalised to you.

We can help with all aspects of VAT planning, but have particular expertise in:

  • Land, property and construction
  • Business transfers
  • The flat rate scheme and partial exemption
  • Imports, exports and trade on both EU and an international level
  • Charities and academies
  • VAT assurance visits, penalties and voluntary disclosures
  • Financial services

Get in touch to speak to our team or to book a consultation with our VAT specialist Rob Geary.  

VAT Advice and Services Articles

Our latest VAT articles

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Timely intervention prevented our client paying £1000s in VAT

Case study
1 min read

FAQs

Why might I need Tax Investigation Cover?

Lovewell Blake Tax Investigation Cover will pay our professional fees for dealing with an HMRC investigation or enquiry.Our cover is market leading and there is no excess to pay. In the event of a tax investigation or enquiry we can handle everything including all correspondence with HMRC and even host meetings with the Inspector on your behalf.

Even if you have done nothing wrong it can take time to prove this to HMRC and deal with their letters and enquiries. Many of our clients value the peace of mind TIC provides. See our dedicated Tax Investigation Cover page for more information and to subscribe online.

Can Lovewell Blake handle the international aspects of my affairs?

Lovewell Blake is a member of HLB International. HLB International is a global network of independent advisory and accounting firms, comprising member firms in 158 countries. HLB International member firms offer audit, accounting, tax and business advisory services. HLB International is a leading mid-tier accounting network. Through our HLB sister firms, we have access to vast expertise all over the world and regularly work with these firms to provide a joined up, international strategy to many of our clients.

Do I need to register for VAT?

If your business is expected to turnover £85,000 of VATable turnover in the next 12 month period, you will need to register for VAT and start charging VAT on your supplies. You can reclaim VAT incurred on relevant expenditure and you pay the balance of VAT collected and recovered over to HMRC.

If your sales are standard rated for VAT, you will be charging an additional 20% of VAT on top of the invoice value. For customers who are not VAT registered themselves, this will make your invoices 20% higher. If your customers are VAT registered themselves (i.e. other businesses) they will be recovering the VAT themselves so your charges will not be higher.

If all or the majority of your customers are VAT registered, you may wish to voluntarily register for VAT even if your turnover is less than £85,000. You would then be able to recover VAT in your expenditure and as your customers recover any VAT you charge them, your invoices are effectively no more expensive.

Get in touch to discuss these options with one of our VAT specialists or local accountants.

Wide-ranging tax planning and compliance services for individuals seeking advice and guidance from our team of experienced and highly qualified professionals.

Friendly and coherent advice and guidance on accounting and tax matters for small business owners including those starting out for the first time.

Established businesses requiring accounting and tax compliance services, forward thinking tax planning advice and the support to help your business succeed.

Our full range of enhanced corporate services aimed at large companies and those requiring audit, assurance, corporate tax advisory and diverse tax planning services.

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