Questions to ask yourself
  1. Is my business registered correctly & should I have a group or divisional registration?

  2. Do I have my output liabilities right?

  3. Am I claiming input tax correctly, including on petty/employee expenses?

  4. What special schemes should I be using, e.g. –

            • Bad debt relief
            • Cash accounting
            • Flat rate scheme
            • Partial exemption
            • Capital Goods Scheme
            • Web return submission

  5. What checks do I make on the accuracy of the VAT return before sending it?

  6. How do I keep up to date on relevant matters and obtain advice?

  7. Do I have a liability to register elsewhere in the EU?

  8. Am I reclaiming VAT incurred outside the UK?

Actionvat offers a “VAT Healthcheck” service, by reviewing a client’s business activity and any previous history with HM Revenue & Customs. It makes recommendations about managing VAT, identifies any liability to make adjustments to past returns and offers guidance for the future.


  


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