VAT Health Check Consultancy Service

VAT is one of the most high risk areas of a motor trader’s business.  In addition to the normal VAT issues faced by every organisation, specific motor industry rules can give rise to unintended non-compliance.

The risk is compounded by HM Revenue & Customs’ use of staff with motor trade expertise who know exactly where to look for VAT errors, downloading information straight from your DMS systems.

As motor trade specialists, we have developed a VAT Health Check service to meet your varying needs in a cost effective manner, enabling you to choose the most appropriate option for you.

Level 1 – Desk Top Review

Features
A review of the records provided to us to confirm they contain the adjustments typically seen within the VAT return of a motor trader, followed by a discussion of any general areas of concern with you.

Benefits
You would obtain assurance that you are adhering to the general VAT rules applicable to motor dealers and be more aware of potential future problem areas. This would reduce the likelihood of assessments being raised and penalties charged if your business was subject to a compliance visit.

Level 2 – Full Day Site Visit

Features
A day on site not only considering general VAT issues with the main person responsible for your VAT compliance, but also looking at your individual circumstances and addressing issues that are of greatest relevance to you, potentially including training accounting and departmental staff on their responsibilities.

Benefits
The day would be tailored to meet your needs and to deal with the issues that cause you most concern providing added assurance you are accounting for VAT correctly and that your systems and staff are equipped to deal with current VAT regulations.

Level 3 – Site Visit PLUS Full Analytical Report

Features
A detailed scrutiny of your systems, checking that all areas are being correctly dealt with and comprehensive training of your accounting staff in situ. In our report we would outline all the areas we have reviewed as part of our visit and provide detailed action plans. We would cover a VAT accounting system review, partial exemption, private use of demonstrators and “bumping” as a minimum.
Potential under or over statements of VAT would be quantified and advice given as to how to rectify them in the most beneficial manner. 

Benefits
Our visit and report would provide comprehensive details of potential problem areas and suggest practical solutions. Good practices within your organisation would also be identified to provide you with reassurance that you are meeting your regulatory obligations.

We hope you will find our proactive approach of benefit. Please call 0161 475 4700 to discuss your requirements in more detail