Specialist VAT Support for the Financial Services Sector

From exempt transactions to international operations, we help financial services businesses stay compliant and in control.

Speak to a Financial Services VAT Specialist

Financial services companies operate in one of the most complex VAT environments. With many activities being exempt from VAT, with complex conditions attached, navigating the rules can be challenging. Cross-border services, partial exemption methods, and changing legislation only add to the complexity. At The VAT Consultancy, we work with banks, asset managers and other financial institutions to reduce risk, maintain compliance, and uncover opportunities to improve VAT efficiency.

VAT Services for Financial Services

VAT Risk Management and Control

Interim and Part Time VAT resource for projects and short term staff absence

Ad hoc UK and Global Advisory

Customs Duty and Excise Duty

Cost Reduction and VAT Cashflow Management

UK and Global VAT and Customs Duty Compliance

VAT and Customs Duty Training

ERP Systems and Tax Engines

Financial Services VAT Consultants

The VAT Consultancy offers a dedicated source for Value Added Tax (VAT) consultancy, tailored specifically for the financial services sector. In today’s interconnected global financial landscape, the intricacies of VAT can be daunting, but The VAT Consultancy is here to provide you with specialist VAT guidance to help you navigate these complexities successfully.

At The VAT Consultancy, we recognise the nuances of your sector and the impact VAT can have on the bottom line and are committed to delivering customised VAT advisory solutions to the sector – banks, investment firms, IFAs, family offices, payment processors and similar.

Our mission is to demystify the complexities of VAT within this industry, ensuring you understand the relevant VAT exemptions available and the conditions attached to these, and ultimately helping you manage the cost of VAT.

Common areas we advise on include;
  • VAT liability of revenue streams and costs – does exemption apply to your revenue or is it taxable?
  • Payment Processing – are you executing the payment or giving instructions to someone else to execute?
  • Independent Financial Advisors and VAT – are you acting as a VAT exempt financial intermediary or providing advice?
  • Outsourcing – are you providing outsourced exempt payment processing type services or taxable back office administrative services?
  • Bundling and unbundling/mixed supplies with a mixed VAT rates versus a single supply that is taxable or exempt
  • Partial exemption – standard method overrides and special methods – should the business have one?

TALK TO OUR VAT EXPERTS

Julie Park

Managing Director
– VAT and Customs Duty
M: +44 781 400 4236
T: +44 207 486 0111
EMAIL JULIE

Head off any VAT Risks with our specialist VAT and customs duty advisory services

Our teams of dedicated VAT specialists is committed to helping businesses navigate the complexity of global VAT and customs duty legislation.

CONTACT US
our consultants

We recruit experienced VAT professionals who’ve worked at HMRC, within the Big Four, and in industry roles both in the UK and overseas.

meet the team
your vat team
insights
the-vat-consultancy-logo

The VAT Consultancy are leading VAT and Customs Duty consultants in the UK. We provide tax and VAT advice, working with clients all over the UK and Internationally. Established in 1991, we are the country’s leading independent dedicated VAT and customs duty practice, giving best advice on all aspects of UK and international indirect tax matters.

Get in touch Contact us