Indirect taxes affect every business. They are always a key cash flow consideration and often have a huge impact on both financial and operational performance.
The Deloitte Indirect Taxes team in Wales offers best-in-class expertise on the full range of indirect taxes such as VAT, IPT, Customs & Excise duties, landfill tax and other environmental taxes. Our team of specialists, the largest in Wales, is dedicated to providing the highest quality of advice to clients – it prides itself on delivering practical, relevant and cost-effective solutions to clients of all types and sizes and from all industry sectors.
Deloitte also has one of the UK’s largest Indirect Tax teams and a vast global network of specialists operating in more than 140 countries. Our team in Wales is a gateway to this network as well as to our full range of resources and professionals – our team will ensure that you benefit from the full weight of our industry-aligned knowledge base in terms of the approach to indirect tax issues, best-practice and leading-edge solutions.
The pace and scale of change in indirect taxation legislation, case-law and HMRC guidance is relentless and results in a highly complex landscape that is often difficult to navigate. Dealing with the risks and opportunities associated with this is therefore of considerable importance in terms of the impact on margins and cash flow. Our local team can help you better understand these complex issues and provide you with commercial solutions which improve compliance and ensure indirect tax benefits are optimised.
Timely planning can produce real assurance and the opportunity to reduce the amount of VAT paid. Our local team provides a full range of VAT advisory and assurance services to help manage and mitigate the impact of VAT on your organisation through its range of innovative solutions. The Deloitte VAT team in Wales can help if you:
In addition we have a deep industry focus to ensure that out indirect tax advice is appropriate to each business and to ensure that our consultants are constantly up to date on industry trends and issues.
As environmental issues soar up the political agenda, different ‘green’ taxes have been introduced by governments across the globe to encourage greener behaviour. These taxes affect a wide range of businesses.
Unlike VAT, there is no common system of environmental taxes within the European Union. As such, businesses need to be aware of their obligations throughout the countries in which they operate. Here in the United Kingdom we have a well-established set of environmental taxes (climate change levy, landfill tax and aggregates levy) and there are plans to significantly increase the rates of some of these taxes over the coming years.
Our local team can help you to negotiate the increasingly complex field of ‘green taxes’, explore cost saving opportunities in this area and help various reliefs and exemptions from environmental taxes available for more environmentally friendly business practices.
Customs & Global Trade
Developing an optimal global trade strategy that enables your overall business strategy is a complex task. Our team works with organisations across a range of industry sectors and is focused on helping you to develop effective internal controls governing trade operations, duty management and customs compliance. Our team has in-depth knowledge of customs-related policies and national regulations, as well as local country practices. With advisers in both complex international trade regulations and effective internal controls, we are ideally placed to advise clients on the best practice for integrating the two.
Dispute Resolution and Litigation
Indirect Tax in the UK is a particularly litigious area and there have been over 20,000 cases heard by the Tribunal and the courts in the UK since the tax was introduced in 1973. If you have a dispute with HMRC our team will first help you to try to resolve it without recourse to litigation. We can guide your relationship with HMRC. Our experience in handling HMRC enquiries means we are well placed to assist, helping to preserve the assets and reputation of your business. Our success is built on building open relationships with clients. We have a very good understanding of HMRC and can offer key insights into its approach. We work closely with you to identify current and historical risks and devise strategies that not only provide positive outcomes, but which also maintain good working relationships with HMRC.
If resolution without litigation is not possible our team can assist you throughout the appeal process, with support both before and after, as well as representing you at the Tax Tribunal. Our local team has extensive experience across all industry sectors, providing advice in relation to: time limits and assessments; penalties and interest; supply chain management; contract review; appeals to the Lower and Upper Tier Tax Tribunal; and appeals to the higher courts including the European Court of Justice.