In the complex world of indirect taxation, undetected errors in your VAT processes are not dormant; they are accumulating liabilities. A minor, recurring mistake in calculating VAT or managing the reverse charge mechanism can silently grow into a major financial exposure, culminating in significant penalties during a future tax audit. Our firm provides a proactive Indirect Tax Health Check, a specialized diagnostic review designed to systematically analyze your VAT and excise duty processes, uncovering hidden risks and opportunities for efficiency.
Our Health Check is a structured, forensic examination of your entire indirect tax lifecycle. The process begins with a diagnostic review and risk identification, where we conduct a deep-dive analysis of your systems and a sample of your transactions to pressure-test existing procedures. The outcome is a clear, confidential report that pinpoints specific areas of risk and quantifies potential exposures. Identifying problems is only the first step, so our report also serves as a strategic roadmap for improvement, providing actionable advice on implementing best practices and strengthening internal controls. A diagnosis is only valuable if it leads to a cure; therefore, our team provides hands-on implementation support. We partner with you to remediate any identified weaknesses, whether it requires retraining your team or liaising with the Revenue Service to correct past errors.
A proactive Tax Health Check is the ultimate form of risk management. It transforms your indirect tax function from a potential source of liability into a well-managed, efficient, and compliant component of your business operations.