There are few organisations who do not encounter indirect taxes on a daily basis. Today’s complex mix of compliance regimes and anti-avoidance legislation can present difficulties for businesses across the spectrum.
Examples of recent work undertaken:
Consumer electronics
- Conduct of appeals to the VAT and Duties Tribunals following denial by HMRC of input tax recovery by high tech sector traders: several cases, all ongoing
- Advice on zero-rating for export of mobile telephones
Drinks industry
- VAT and duties counter investigation in drinks wholesaler (liability reduced from £10 million assessment to nil)
- VAT output and input tax liabilities on retail wine merchant (£400,000 liability settled but offset by £300,000 in input tax not claimed)
Import/Export
- VAT liability on imported footwear (exposure reduced from £8million to nil on valuation of commission for valuation purposes)
- Resisting claim for £200,000 anti-dumping duty on behalf of an importer of electrical goods from the Far East (assessment reduced to less than £20,000)
- VAT liability of promotional clothing in music industry (saved £1.2 million over 3 years)
Financial Services
- Advice to insurance company concerning liability of ancillary services on acquisition of company
- Advice on tax mitigation structure adopted by financial services providers (case ongoing)
Land and property
- VAT liability of construction services (negotiated £12million assessment to nil)
- VAT liability of building services (agent vs principal: case ongoing)
