Drafting & agreeing partial exemption methods

This requires an analysis of the income streams of the organisation to ascertain whether they are taxable, non-business or exempt. This will determine the appropriate VAT treatment to be applied to the outputs and inputs of the organisation, including central costs.

We will carry out a review of the partial exemption method used by the organisation and ensure that it has been correctly applied over the last three years. Where appropriate we will also identify a more suitable method which will increase your VAT recovery whilst still producing a fair and reasonable result. Such a method will require acceptance from HMRC and we will approach them to obtain approval.

If partial exemption has not been applied previously we will develop a method for you and obtain acceptance as required.