VAT Health check – are you prepared for a VAT inspection?

VAT affects everyday business transactions. A non-compliant business faces the genuine risk of being assessed VAT penalties and interest.

VAT affects everyday business transactions. A non-compliant business faces the genuine risk of being assessed VAT penalties and interest.

As organisations evolve, supply chains, billing structures, supplier & customer data setup, for example, can cause mistakes
and pose a real risk to what is usually a compliant business.
By initiating a VAT health check, you are taking the opportunity to protect your business from any unexpected
non-compliant areas of your ledger management process. Either way, it’s a process that gives peace of mind.
Effective mianagement of VAT can result not only in the correct reporting of VAT and hence prevention of potential VAT
penalties and interest, but also allows identifying the potential VAT savings and other efficiencies

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