VAT & Customs duty

Unpaid VAT and penalties for VAT errors can inflict significant damage on your business, so it is vital that all such risks are eliminated. VAT related issues which arise at various points during the life a business must always receive priority attention.

If you are undertaking a new venture, it is especially important that you have the procedures in place to ensure you avoid potential VAT pitfalls.

Goodman Jones will work with you to protect your position and ensure your venture is optimised for VAT. If, for example, you are looking to acquire a property, we can help you understand how any of these may apply to your transaction:

  • Option to tax
  • Transfer of going concern
  • Standard rate
  • 5% rate
  • Zero rate

The VAT tax regime is complex and ever-changing, so it is always wise to seek out expert advice and support. We will help you cut through the complexity of VAT by answering your queries and providing specialist assistance to give you security and peace of mind.

Customs Duty is a tax charged on importation of goods produced outside the European Union. The amount of tax you pay will vary according to the value of the goods, the commodity code used for each product and even its country of origin.

In the mitigation of taxes, we find that Customs Duty is all too often overlooked. Our specialists in this area will ensure you take advantage of all the opportunities available to you.


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