Home Blog Perils warning over VAT
Perils warning over VAT PDF Print E-mail

New rules and dangers around VAT will be highlighted in a key address to top Worcester business advisers next week.

Apparently simple property deals can cause problems, amid a more aggressive tax approach, warns Glyn Everett, an independent Chartered Tax Advisor based in Bishampton, Worcestershire.

Solutions will be offered at an essential 'VAT Round Up' in a workshop arranged by members of the Institute of Chartered Accountants at Worcestershire Cricket Club on November 30 at 6 30 pm.

Glyn said: "Since the merger of H.M. Customs and Excise and the Inland Revenue to form H.M. Revenue & Customs the administration of VAT has undergone a fairly radical change. This talk has information on specific areas of policy being implemented "on the ground" - and to highlight transactions that can lead to unforeseen issues for the unwary or to significant VAT savings."

It is part of a series of talks priming accountants and advisers who are giving key assistance to local businesses.

Glyn, who joined H.M. Customs & Excise in 1989, has more than 21 years' experience of VAT. He has since formed his own consultancy, which supports charities, and provides specialist VAT support to a dozen accountancy firms.

Celia Adams, chairman of organizers, the Institute of Chartered Accountants in Worcestershire, said: "This is extremely useful advice, including developments around Partial Exemption. It will help head off potential problems: people need to book now, for the last few places."

Details of Worcestershire Cricket Club lectures and online booking forms are at www.icaew.com/westmidlands

Sponsors for the lecture programme are Higgs and Sons solicitors, of Brierley Hill, among the West Midlands' largest law firms.

Meanwhile, schools are being encouraged to build finance career opportunities through the Business Game, being set up in the county. Young qualified or qualifying Chartered Accountants from Worcestershire practices are being encouraged to act as mentors in The Business Game, and help build business links with the financial sector.

The lecture starts at 6.30 pm until 8.00 pm. The cost of attending is £31.00 ex VAT per lecture or £190 ex VAT for a block booking.