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For most businesses, indirect tax means Value Added Tax (VAT), one of the most onerous tax regimes in the UK. Not only is it onerous, VAT is also extremely complicated.
It is not unusual for businesses to find themselves inadvertently paying the incorrect amount of VAT. Which coupled with a very strict penalty regime, means that many businesses overpay VAT just to ensure there is no backlash from HMRC.
With the constant changes in the regulations and increasing demands from HMRC, you need specialist, professional tax advice to ensure you tread the fine line between paying enough, but not too much, VAT.
Based on a thorough understanding of your business, our expert advisers can guide you through the plethora of VAT complexities, from routine compliance to ad hoc matters or HMRC enquiries.