Vat

At some point you are bound to have a compliance visit from HMRC (the Inland Revenue), to check you are correctly accounting for vat. They are perhaps understandably, especially interested in vat outputs (on sales), and vat which may have been incorrectly reclaimed. There are special rules relating to staff and non staff payments for travel, subsistence and entertainment. Our Audit checks vat compliance, and highlights any errors in these areas, so you can take appropriate action before a Revenue visit.