At SMP Accountants, we offer specialised services in VAT and Indirect Taxes designed to help your business navigate the complexities of these essential areas of taxation. Our team of experienced professionals provides comprehensive support to ensure your compliance and optimise your tax position.
VAT Services:
Value Added Tax (VAT) is a crucial component of the tax landscape for many businesses. Our VAT services include:
- VAT Registration: Assistance with the registration process, ensuring your business meets all necessary requirements and deadlines.
- VAT Returns: Preparation and submission of accurate VAT returns, ensuring timely compliance with HMRC regulations.
- VAT Planning and Advisory: Strategic advice on VAT planning to minimise liabilities and maximise reclaim opportunities. Our experts provide guidance on complex VAT issues and transactions, including cross-border trading and partial exemption calculations.
- VAT Audits and Inspections: Support during HMRC audits and inspections, including preparation and representation to ensure a smooth process.
- VAT Health Checks: Regular reviews of your VAT processes and records to identify potential issues and opportunities for improvement.
Indirect Taxes Services:
Indirect taxes encompass a range of taxes other than VAT, which can impact your business operations. Our Indirect Taxes services include:
- Customs Duties: Advice and assistance on customs duty compliance, including classification, valuation, and origin of goods. We help you navigate the complexities of import and export regulations to ensure efficient and compliant trading.
- Excise Duties: Guidance on excise duty obligations for businesses dealing in alcohol, tobacco, and energy products. We provide support in managing compliance and minimising the impact of excise duties on your business.
- Environmental Taxes: Expertise in environmental taxes such as landfill tax, climate change levy, and aggregates levy. Our team helps you understand and comply with these taxes while identifying opportunities for tax relief and efficiency improvements.
- Stamp Duty and Land Tax: Assistance with the calculation and payment of stamp duty and land taxes, ensuring compliance and optimal tax planning for property transactions.
