VAT Health Check Are you ready for a VAT inspection? VAT is a complex, self-assessing tax and it is common for mistakes to be made. Without professional advice, many businesses fail to spot these errors until they are identified by a VAT inspector. This can result in a large VAT assessment and create financial difficulties for the business. VAT Health Check By undertaking a VAT health check with us, we are able to help you identify and resolve mistakes before they become problematic. A VAT health check starts with a visit to your business premises where we work with you to discuss your business activities and transactions in detail. This helps us to identify high risk and high value transactions which commonly trigger VAT errors or other VAT compliance issues. As part of the health check, we also undertake robust credibility and variance testing with this process including a review of source data, invoices and coding. This enables us to establish how compliant the business is with its VAT obligations and put in place processes/procedures to prevent future errors. Should any errors require disclosure, we will work with you to quantify these and notify them to HMRC. Typical benefits of a VAT health check include: • • • • • • • • • •
identification of opportunities to enhance your VAT position peace of mind that you have applied the correct VAT treatment to high value transactions and common income streams confirmation that input VAT is being recovered correctly and suggesting any opportunities to increase VAT recovery identification of errors in advance of a VAT inspection, potentially mitigating any penalties that may be assessed by HMRC identification of improvements to systems, processes and controls gaining an understanding of recent case law and developments that may be relevant to your business robust credibility testing and sample checks using our proven methodology checking you are complying with Making Tax Digital (MTD) for VAT and suggesting improvements to enhance the process checking if you are correctly using or eligible for VAT schemes identifying issues associated with cross-border transactions and providing guidance to steamline the process.
Get in touch now for a chat with our expert VAT team Old Mill’s specialist VAT team advise companies of all sizes across a broad range of sectors.
enquiries@om.uk | om.uk
Ver: November 2025