QE VAT Services

OVERSEAS TRANSACTIONS

• We analyse the data and complete a pre visit assessment

• We manually review payment transactions for VAT errors

• We identify transactions to review if Tax has been self accounted for and paid over to HMRC for the procurement of goods

• We identify transactions to review if the Reverse Charge mechanism has been applied to pay Tax over to HMRC for the procurement of services

• Where services are procured from overseas, we consider whether the service is an eligible contracted-out service and if the VAT is eligible for recovery

• We provide a report for discussion with full disclosure of our findings and audit trails

• We discuss our findings prior to issuing a final report and VAT 21 analysis

• We ensure reviews are completed within HM Revenue and Customs time limits