Explore our indirect tax services
Our team provides expert advice on a range of indirect taxes, such as VAT, environmental taxes, customs and excise duties and IPT. As taxes on goods and services, indirect taxes are likely to impact your day-to-day business operations. With rules and regulations constantly changing it is important that your business has access to the most up-to-date information, innovative ideas, and expert advice. Our range of specialists can provide that information, and as we know that no two business are the same you will get bespoke advice tailored to your business needs.
Our services
VAT
VAT is a tax on transactions and, as such, is likely to impact your business day-to-day. Compliance with the ever-changing VAT regulations is therefore vital for all businesses, while ensuring optimal cashflow and profitability. Our VAT specialists use their expertise and in-depth knowledge to solve your VAT problems, prevent disputes and offer original solutions.
Customs and Excise
Our experienced team specialises in designing customs and excise compliance governance frameworks, identifying customs and excise related cost savings, and mitigating risks in international supply chains.
In addition to our consulting expertise, we have practical in-house experience from working in different industry sectors, both in the UK and EU. Our hands-on, operational insight is invaluable for the delivery of high quality, pragmatic advice.
Environmental taxes
We have a dedicated environmental tax team, led by a partner who is one of the leading specialists in the UK and is a member of the Chartered Institute of Taxation’s (CIOT) climate change working group. The team has extensive experience of dealing with the environmental taxes including plastic packaging tax, landfill tax, aggregates levy, windfall taxes, carbon border adjustment mechanism and the climate change levy.
Insurance Premium Tax (IPT)
Most UK insurance policies are subject to IPT, but many insurance intermediaries and introducers don’t realise the significant cost and risk which the tax presents.
We can advise on all aspects of IPT, from working with insurance intermediaries to achieve cost savings, to managing IPT and risk and undertaking remedial work where errors have arisen.
Related content
Court of Appeal overturns decision in Hotel la Tour on VAT costs on share sale
HMRC has historically taken the position that VAT on transaction costs, for example legal and professional fees, associated with the sale of shares is not recoverable. This is because these costs were viewed as relating to an exempt supply for VAT purposes, or alternatively the shares were not sold in the course of an economic activity.
IPT part 2 - insurance intermediaries: who’s on the hook for IPT when errors arise?
In our previous article, we discussed how an IPT cost arises for insurance intermediaries and why it is worth considering ways to reduce this.
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Voluntary Carbon Credits (VCCs) are tradable certificates that represent the reduction or removal of one metric tonne of carbon dioxide, or an equivalent amount of greenhouse gases (GHGs) from the atmosphere.
IPT part 1 - the little known, big cost: insurance premium tax (IPT) and insurance intermediaries
IPT is something of a mythical tax; it frequently gives rise to a cost for the insured, but the cost and risk to insurance intermediaries is often overlooked.
Consultation on UK Carbon Border Adjustment Mechanism
The latest consultation, titled “Introduction of a UK carbon border adjustment mechanism from January 2027”, aims to provide an insight into how the Government intends to structure and administer a UK CBAM; inviting interested parties to present their views until the deadline of 13 June 2024.
Aggregates levy update
Aggregates levy is a tax levied on the commercial exploitation of rock, sand and gravel in the UK. It is currently charged at £2 per tonne. There are a number of changes that have been recently implemented or are in the pipeline.
The Border Target Operating Model – what it is and what it means for your business
The Border Target Operating Model (BTOM) is a document published by the UK Government, outlining the strategy and processes for how the UK’s border should be managed in the wake of the UK’s exit from the EU.
The importance of customs data analytics
In today’s globalised economy, efficient customs processes are essential for businesses engaged in international trade.