Our services are for both VAT registered as well as VAT non registered business. We perform a Free VAT health checkup and if as a result of the check up we find out that the company is likely to get a refund then we apply for back dated VAT registration going up until last 4 years. […]
We have had advice from our accountants that we are not eligible for VAT registration because we do not make taxable supplies
We have many clients who were advised by their respective accountants not to opt for VAT registration or they were not eligible for VAT registration because of not making enough taxable supplies but we got them registered for VAT and they ended up in a decent amount of cash from HMRC, nevertheless still benefiting from […]
If I get VAT registered then I would need to charge 20 % VAT on my sales which will make us an expensive service provider.
It is a common misconception that VAT registration will make it mandatory to add VAT on top of the sales prices which will result in an increased prices for customers. In reality even after VAT registration more than 97 % of the sales still remains outside the scope of VAT in case of a medical company. […]
Our Past Experience suggests that small VAT bills have ended up in negative VAT bills in the past ( instead of paying HMRC small amounts clients have ended up in receiving refunds) so its always a win situation for the client.
Our initial review is always free of charge and non obligatory in which we let the customer know regarding their current VAT situation and whether there is any likelihood of a refund from HMRC. It’s up to the customer after that whether they want to go ahead or not.
In case we decide to go ahead with your services then what are the approximate timescales we are looking at for the complete process.
Approximate Time scale for businesses who are already VAT registered is 6 months on an average and for Non VAT registered businesses it is roughly about 4-5 months.
HMRC is a highly professional organization that deals with each situation on its merits. First of all we will not send in any refund claim which is likely to get rejected by HMRC but even if the claim fails to succeed even then you will not end up being in bad book of the tax […]
Our Professional Fee only becomes due and payable once the refund lands in our client’s bank account. We only charge once our client gets benefit from our services otherwise we do not charge even a single penny.
Although this has never happened to date – as the HMRC performs all its procedures, inspections and checks before releasing the repayments but in an unlikely event of this happening we will refund 100 % of our fee in addition to any penalties and interest HMRC may demand because of our work.
VAT registration for private medical companies including NHS GP surgeries is recommended as they incur a lot of VAT on their purchases. Registering for VAT provides them with an opportunity to recover back significant amount of VAT they pay to their suppliers. This finally results in reduction of this nonproductive expense of non-recoverable VAT and […]