Entering new domestic markets, expanding globally or joining international supply chains means dealing with complex indirect tax regimes.

You need to stay on top of indirect tax. Unexpected liabilities, errors, and assessments can lead to expensive interest and penalties.

More jurisdictions are removing registration thresholds and compelling non-resident businesses to register for local VAT. 

The UK’s departure from the European Union also continues to bring challenges: complying with the rules of individual member states now requires detailed local knowledge. 

We understand these complexities and are here to help.

Why Grant Thornton

You'll benefit from a strong, long-term relationship with a team that invests in understanding your business and brings fresh thinking to your problems.

Everyone has a broad understanding of common challenges, but we can always call on the services of specialist advisers. Guidance is always tailored to fit your needs.

We're committed to providing agile solutions that help you achieve your indirect tax goals.

Our services

VAT compliance 

VAT regulations are constantly evolving, and staying compliant is crucial for any business. We assist with registration, filing, and audits, leveraging our deep understanding of both local and global VAT laws to reduce risks and optimise your position. Our proactive approach includes keeping you updated on legislative changes and offering practical advice on managing your VAT liabilities effectively.  

Capabilities

Embracing the latest technologies is essential for efficient tax management, and our team can provide the technology and transformation services to streamline your tax processes. Our solutions include advanced data analytics, automation tools, and digital platforms that enhance accuracy, reduce manual errors, and improve the overall efficiency of your tax functions. We conduct thorough assessments to tailor our technology solutions to your specific needs, ensuring that your tax processes are optimised for future growth. We’re not aligned to any sole provider, ensuring that the right solution fits your needs.

Our expertise also extends into system and/or ERP configuration and transformation projects of any size, helping you meet VAT requirements at any point within your change lifecycle or business improvement. We have expertise in all major ERP systems and our specialist VAT technology team can help you in any scenario.  

Navigating customs regulations can be complex and time-consuming. We offer expert advice on customs duties, import/export compliance, and tariff classifications. Our team helps you streamline customs processes, reduce delays, and avoid costly penalties. We provide support with customs audits, assessments, and dispute resolutions, to help your business operations remain smooth and compliant with international trade laws.  

Navigating international tax regulations requires specialised knowledge and experience. Our connections with other member firms across the Grant Thornton international network can help you optimise your global tax position, to improve compliance and mitigate risks. Our services include transfer pricing strategies, international tax structuring, and support with multinational tax audits. 

Outsourcing VAT compliance and advisory services can significantly enhance the efficiency and effectiveness of your business operations.

Our team handles all aspects of VAT compliance, from preparing and submitting VAT returns to liaising with tax authorities on your behalf. This helps deliver efficient and accurate management of your VAT processes, reducing the risk of errors and penalties.

Industries

Our services include supply chain optimisation, tax incentives for innovation, and compliance with consumer safety regulations.

From VAT on food products to excise duties and import taxes, our experts provide strategic advice and solutions that enhance your tax efficiency.

Our services include supply chain optimisation, tax incentives for innovation, and advisory on compliance with food safety regulations.

The Travel, tourism and leisure sector is highly complex from an indirect tax perspective given its international nature, and specific taxes. Our advice ranges from complex VAT advice for travel businesses, to air passenger duty for airlines and the full range of gambling taxes. Our experts provide commercially focussed advice to ensure that your business is compliant in an ever-changing environment as well as to assist in key growth plans – lining up the regulatory and taxation needs.

Our retail team provide a wide range of indirect tax services including Customs Duties and emerging schemes such as Extended Producer Responsibility as well as VAT across the Globe. We work with our clients, helping them to navigate to complex environments for changing Consumer demand. We provide guidance on VAT planning, supply chain optimisation, and the implementation of VAT-efficient business models. Our experts also assist with managing VAT liabilities for cross- border transactions, to help your business stay compliant with international VAT laws.

Our team of experts provides tailored tax solutions for the manufacturing sector. We understand the specific tax regulations and compliance requirements of the industry, offering strategic advice to help you optimise your tax position, reduce liabilities, and stay compliant with all relevant laws and regulations.

Navigating the complexities of VAT regulations is crucial for financial services businesses. We also offer guidance on partial exemption methods, helping you maximise VAT recovery and comply with all relevant regulations.

Our team assists with structuring asset transfers to maximise VAT efficiency. We cover everything from the implications for property transactions to compliance and dispute resolution. Whether you're planning property acquisitions or disposals, our strategic planning services improve VAT efficiency at every stage.

The technology, media, and telecommunications sector faces unique VAT challenges due to the rapid pace of innovation and the global nature of digital services. We offer strategic advice on VAT registration, filing, and audits, to help your business remain compliant with all relevant regulations. Our experts also provide guidance on managing VAT liabilities for digital services, optimising your position, and ensuring compliance with international VAT laws.

If you're a government, public sector, or not-for profit organisation, VAT regulation and compliance can be particularly challenging because of the unique nature of your operations. Our team provides tailored support to ensure that these organisations remain compliant with all relevant VAT laws while optimising their tax position. We assist with VAT registration, filing, and audits, leveraging our deep understanding of both local and global VAT regulations to reduce risks and enhance efficiency. Our proactive approach includes keeping you updated on legislative changes and offering practical advice on managing VAT liabilities effectively. By partnering with us, you can focus on your core mission while we handle the complexities of VAT compliance.

banner image

Standard or zero rating in the food and beverage sector

1.
The challenge
In the food and beverage sector, VAT law is complex and outdated. Businesses have to decide whether their products are standard rated or zero rated.
2.
The solution
HMRC’s guidance can be confusing and inconsistent between similar products. This can lead to many disputes about the correct VAT liability, which is where we come in.
3.
The result
We have helped five clients take disputed decisions to the First Tier Tribunal, and won all these appeals in favour of our clients.
    Testimonial
    The team's in-depth knowledge and expertise of the intricacies of VAT on food products has proved an invaluable asset to our business.
    Andrew Lee Finance Director, Global by Nature Limited

    VAT Club brings you regular updates on current hot topics on practical and commercial issues in indirect tax – insight is driven by feedback from the businesses we work with.

    Join our LinkedIn group

    Indirect tax updates

    Looking for indirect tax updates? Our experts share the latest updates each month.