VAT (Value Added Tax) - İngiltere

Deloitte Tax LLP

Are value added taxes a clear and present danger for your company?

With over 130 countries operating VAT or VAT-type regimes, VAT planning represents a compelling issue for any company conducting business across international borders. Unlike U.S. sales transaction taxes, VAT is a broadly based tax, generally charged on the supplies of both goods and services.

Although the end consumer should bear the ultimate VAT cost, because VAT is charged and collected at every stage in the supply chain, failure to understand requirements or to attend to the details can lead to irrecoverable VAT costs. With VAT rates ranging between 3% and 25%, your liability can grow dramatically and quickly. Add to this the potential impact of differing administrative and compliance responsibilities and the consequences can be severe.

To minimize your VAT exposure, you need a cohesive VAT strategy and a firm understanding of nuances in each jurisdiction. Deloitte Tax LLP can help.

Our specific VAT services include:

Strategic global VAT advice and compliance — A holistic approach to your global operations as they relate to VAT, accessed through single point of contact.
Billing and accounting system implementation - Assessment of your accounting system to determine if they are VAT compliant with all the local rules. This includes the correct accounting by jurisdiction and the correct tax documentation for VAT purposes. We also can help you isolate and treat VAT on the inputs associated with your purchases, so that tax is not lost in your costs.
Assurance reviews and tax process mapping — A high-level, targeted VAT assessment to help confirm your risks and opportunities, including devising tailored VAT manuals and processes.
Contract reviews — Review of various options for transactions that require contracts and an assessment of whether the contracts are drafted correctly from a VAT perspective, whether in the context of an M&A (mergers and acquisitions) transaction, a master services agreement or a global supply contract.
VAT transaction advice — Review of special transactions such as buying and selling businesses, new distribution structures, manufacturing arrangements and intercompany accounts. We can help you consider the different VAT options and help you take advantage of best VAT practices.

VAT Refunds — Helping you obtain VAT refunds both from foreign fiscal authorities and from suppliers of goods and services that have incorrectly charged VAT to you.

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