Tax Advisor Services: Partial Exemption VAT
Tax Advisor Services: Partial Exemption VAT
Many businesses sell goods and services that are subject to, and exempt from, VAT. This creates a partial VAT exemption.
We have a sizable client base who are involved in regular import and export. We regularly assist our clients with cross-border VAT using our significant experience.
About Partial Exemption VAT
The VAT which can be recovered needs to be limited to the portion of the business involved in VAT-related activity.
There is a standard method of achieving this and many alternative methods. We can design a partial exemption scheme for you and agree on this with HMRC. This can minimise your irrecoverable VAT.
Partial Exemption VAT Examples
Our Managing Director at a previous employer, designed a VAT scheme for a struggling company which secured a £200,000 refund.
This kept the business afloat and increased profitability by minimising irrecoverable VAT. As a result, the business survived and the shareholders were able to sell the business a few years later.
Next Step
Contact us today to improve your Partial Exemption VAT.