Corporate

It has been a real mark of Centurion’s success to see the number and range of corporate businesses based both within the UK or locating into the UK from overseas that contact us in search of VAT support.

Our Engagement with the Corporate Sector

Our corporate client base has expanded geographically as well as the mix of businesses seeking our assistance. Clients come to us not just from across the UK but from across Europe and the rest of the world.

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Tej Randeva CEO Transport Broker Group
Centurion VAT Corporate Sector Testimonial, Tej Randeva CEO, Transport Broker Group

Sector VAT Issues

The common theme from our corporate clients is that they are seeking experienced and expert VAT support from advisers they can relate to and trust. Centurion employs only senior level staff with a wealth of VAT knowledge and experience. Our team deal directly with their clients from the start to the end of a project or issue. There are no “junior” VAT team members to whom your care is delegated.

Our corporate client base is diverse as are the range of VAT issues that they seek support upon. Large manufacturing business often have concerns over challenges from HMRC in respect of their accounting processes around Export evidence but equally we deal with issues from the liability of the supplies the business may make, property projects, corporate restructuring and partial exemption methodologies.

How Centurion can help

There is no such thing as a typical VAT enquiry as these examples show:

  • resolving the zero rating of products from a food supplements business with HMRC;
  • securing a six figure VAT refund for a client as a result of an agent or principal discussion with HMRC VAT Policy team;
  • Dealing with an “option to tax” confusion just as a Directors SIP Fund is about to buy a capital asset that they find the vendor want to charge VAT on  - just as a sale contract is to be signed;
  • Challenging HMRC’s visiting VAT inspector over threats of large scale VAT assessment on export evidence issues;
  • Checking systems data from SAP to assist in the accurate submission of Intrastats;

Whatever the corporate business issue, the award winning Centurion VAT team is here to assist - it's been great to see our quality of service recognised not just in the Taxation Award category BEST UK VAT Team which we won in 2013 but also in the Wealth & Finance INTL’s 2015 Finance Awards as the Best Boutique VAT Consultancy Firm - UK.

Meet the Team

Our five strong VAT team specialists have a wide range of experience in key corporate sectors.

Louise Gray
Louise Gray
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Andrea Brindley
Andrea Brindley
Email Andrea
Liz Maher
Liz Maher
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Julie Rawlinson-Smith
Julie Rawlinson-Smith
Email Julie
Andrew Norris
Andrew Norris
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Whether in niche areas such as the Tour Operators Margin Scheme or VAT issues for life science businesses to manage when moving into the NHS Health care marketplace or the general VAT issues that all businesses have to face when managing VAT – Bad Debt Relief:, visits from HMRC, Land and Property issues and the like.

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Our Corporate Clients

Case study

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Rising to the Challenge

Often Centurion takes a call after a VAT inspection at the business has raised a query. This occasion was no different as December drew to a close a call was received to resolve by the month end a VAT product liability challenge for a food supplements supplier.

With the challenge of the loss of the zero rating treatment on the product we made sure we went out to the client to see and understand what the product was made of and how it was held out in the marketplace. The skills of our many years in VAT is knowing what questions to ask and where research and case law can clarify and support our clients.
With the internal pressures on HMRC to ensure the "right tax, right time" approach to VAT declarations you need to be clear on the basis of the VAT treatment to ensure that HMRC can see the legal justification for the liability they have been applying.

Being independent of the client we bring the analytical distance from the issue to be able to rationally marshal the VAT facts and re assure HMRC that all is correct. 
Using these skills and our commitment to respond promptly we were able to ensure our client had a smooth resolution to the issues raised.

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Exporting - a recurring VAT challenge

It is little surprise that, with a TAX GAP estimated at c £36bn, HMRC pay close attention to proof that the zero rate treatment applied to exported goods has been correctly applied. Centurion has dealt with a number of large scale VAT assessments in the last two years alone arising from HMRC challenges in the area. A recent case saw two assessments raised on one UK subsidiary of an international manufacturer which would send any finance director into a flat spin. The penalty sum levied amounted to a 6 figure sum alone!

Part of our skill in Centurion comes from our time from within the tax authorities and knowing when to push back robustly on the basis of any assessment raised - especially where a visiting officer may have extrapolated figures as a basis for assessment or made technical assumptions relating to the VAT treatment that should apply - lacking "best judgement" as we would argue.

With prompt action and a robust response we were able to successfully challenge the assessments leaving a very happy FD.