VAT Planning

VAT is a complicated area of taxation. If you are new to VAT then HM Revenue & Customs provide some good explanatory information.

Mapus-Smith & Lemmon can assist with the following:

  • Registration for VAT
  • Changes in registration
  • Calculation of VAT liabilities, including completion of HMRC VAT Returns online
  • Submission only of VAT Return online
  • De-registration
  • Flat Rates Scheme including application and selection of appropriate rate and the pro’s and con’s

There are three different VAT rates and many different areas that require specialist knowledge which we have:

  • VAT on property transactions – This can be a very complex area and it is essential to take early advice to avoid pitfalls
  • Partial exemption – Calculation and the use of a suitable basis is difficult to establish and errors can be made costing businesses thousands of pounds
  • Business sales and the transfer of a going concern, analysis of VAT position of such transactions
  • Overseas and foreign VAT issues
  • Intrastat reporting requirements
  • Record Keeping requirements
  • Identifying input VAT and calculating recoverable VAT

Latest News & Updates

The latest news and expert advice from Mapus-Smith & Lemmon chartered accountants

Our offices

King's Lynn

48 King Street, King's Lynn,
Norfolk PE30 1HE

  01553 774761

  advice@mapus.co.uk

Monday to Friday 8.45am to 5pm

  Click here to view map of our King's Lynn office

Downham Market

23 London Road, Downham Market,
Norfolk PE38 9BJ

  01366 383300

  advicedm@mapus.co.uk

Monday to Friday 8.45am to 5pm

  Click here to view map of our Downham Market office

Wisbech

30 Old Market, Wisbech
Cambridgeshire PE13 1NB

  01945 427050

  advwisb@mapus.co.uk

Monday to Friday 8.45am to 5pm

  Click here to view map of our Wisbech office