Tax Advisor Services: Partial Exemption VAT

Linda Johnson ACCA Johnsons chartered accountants London

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 on cross border VAT using our significant experience.

About Partial Exemption VAT

The VAT which can be recovered needs to 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 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.

Contact us to learn how to improve your Partial Exemption VAT.