My Virtual VAT Team (MVVT) – VAT Advice for Business
Do you have issues with the following:
- No specialist VAT resource in the team to provide VAT specialist advice or existing resource super busy;
- Unexpected or planned temporary team absence (mat/pat leave etc);
- Business wide projects needing specialist VAT input eg systems implementations, acquisitions, annual SAO;
- Constantly fire-fighting with no time to focus on VAT process improvement or proactive VAT issues or working through your to-do list;
- High volume of ad hoc VAT queries from certain areas of the business eg AP team taking time to resolve by researching online;
- No sounding board to sense check complex /high risk VAT issues;
- Concern areas of VAT risk are not properly understood due to not having specialist VAT resource, but overarching business complexity doesn’t warrant a full time specialist in the team
- No experience to deal with overseas VAT issues;
- No budget for ad hoc costly Big 4/Top 10 fees meaning ad hoc issues go unresolved
If so we can help with TVC’s My Virtual VAT Team (MVVT). This is a subscription service that gives you the following:
- Access to a dedicated senior VAT consultant as needed 5 days week office hours by email or phone for UK and global VAT issues;
- Monthly 1:1s for sounding board session to discuss VAT issues for upcoming projects and potential approach
- Twice yearly bespoke VAT training sessions (for wider business teams, topics to be decided by you). This helps evidence good controls
Fees for MVVT are £1.6k exc VAT per month with an earlybird offer: fees £1.2k exc VAT per month for first 12 mths if you subscribe before 31 May 2024.
The main benefit of a VAT helpline arrangement in the form of MVVT is that it offers certainty of a fixed cost each month, removing the requirement to seek a budget for ad hoc queries or negotiate over fees each month. In addition it offers speedy access to a senior consultant who will be able to give you a response to your specific VAT query or give you pointers as to the key issues to consider so that you can eg brief commercial teams in meetings about the key issues.
With respect to global queries, we have a significant amount of global VAT and customs duty knowledge gleaned from years of advising in this area, and should immediately be able to give you an indication of the issues to consider to allow you to progress the issue before confirming the precise response with our colleagues overseas where required.
Our advice is typically provided by email so that we both have a written record of the query and response, but we respond by phone too where urgent. We aim to turn queries around within the same working day if received by 2pm or by 12pm the next day otherwise.
To discuss how we can help contact us today or call us on +44 203 2806902.
