Value Added Tax
Value Added Tax (VAT) and other indirect taxes form a substantial cost component for all businesses. 20% or more of your cash throughput is likely to relate to indirect taxes. Without active management this can adversely affect your working capital, operational costs, profitable income growth and ultimately your return to shareholders.
Trevor Jones has a well established, and experienced team of VAT specialists with the practical experience and technical knowledge to deal with all aspects of this tax. We can help you comply with all your VAT obligations, deal with the authorities on your behalf and help you understand and cope with the increasing complexities of the tax. We can also act as a support function on a daily basis, when you have questions or require help.
During our 27 year history in the motor trade we have assisted our clients in resolving their VAT issues in the following areas:
| Dealers: |
Used car schemes
Warranty
Insurance
Repairs outside warranty
Private use of ‘stock in trade’
Imports from within or outside the EU
Demonstrators
Property VAT |
| Vehicle finance: |
Partial exemption
Interest free deals
Optimising VAT recoveries |
| Vehicle leasing: |
Short term rentals
VAT recovery rules |
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