Are you getting the most out of VAT and Customs?
Grant Thornton (based on the Park) is offering a practical session on the potential changes that may impact your organisation either due to the current Covid crisis or the conclusion of this phase of Brexit. VAT and Customs Duties will be our focus, along with commercial and organisational factors that may ease some of the burdens created by both challenges.
VAT can lock up a lot of capital in an organisation. We shall introduce a wide range of ideas which may yield ways to “sweat” your VAT working capital better and may have the potential to achieve absolute savings.
Did you use the VAT deferral in the spring? Are you confident that you will be able to make the payment to HMRC before 31 March 2021? Or perhaps you have other issues which you need assistance with to resolve with HMRC. We have experience in negotiating outcomes such as the conclusion to HMRC enquiries, penalty mitigation and time-to-pay arrangements and will talk through some of our experiences.
The transitional period, during which the UK has been able to continue behaving as an EU Member State, is due to finish at 11pm GMT on 31 December 2020. We shall take you through some key aspects of what is currently “known” about the changes in VAT and Customs due to take effect from 1 January 2021 onwards. We shall also demystify aspects of the Northern Ireland protocol by taking a high-level look at what is likely to become the most complicated regime for VAT and Customs in the world.
Join our webinar to find out key VAT and Customs considerations regarding the Covid crisis and Brexit. VAT specialists from Grant Thornton, will be hosting a 45 minute webinar on 3 November 2020 at 11:00am. The session will be an opportunity to refresh your understanding and questions will be encouraged.
Please register on the right and a link for the event will be sent to you nearer the time.