Cost reduction and cash flow efficiency is always important in the retail industry.
Given the widespread application of VAT on sales, cost of sales, and other expenses, VAT compliance can present a huge cash flow risk. However, it can also be an opportunity to improve efficiency and recover input VAT as soon as possible.
Our indirect taxes team has developed a variety of offerings to help reduce costs and improve cash flow for businesses in this sector. Our offerings include looking at ways to improve VAT recovery procedures so that a business recovers the right tax at the right time and other ways to deliver significant cash injections.
The other services that we offer to clients include reviews to check the VAT accuracy of product listings, retail VAT accounting schemes, business promotions, advice on the VAT implications of distance selling to customers in Europe and throughout the world, as well as advice on overseas VAT compliance issues.
0121 695 5548