VAT - Value Added Tax

Many businesses underestimate the potential for VAT planning around both potential transactions and ongoing compliance to improve cashflow or deliver significant cash savings for your business. From planning to achieve such savings to ensuring that your business is maximising available reliefs, we're here to help.

Byrne Curtain Kelly can help you formulate, implement and manage your global VAT strategy.

We understand the issues and have experience of advising clients on same. We will work with you to find the right solution for your business.

Our services

VAT Compliance: Domestic & International

We offer a broad range of VAT compliance services including VAT registration, completion and submission of VAT returns, VIES (goods and services) & Intrastat statements and foreign VAT reclaims to ensure your business is fully VAT compliant and all payments/refunds due are dealt with in a timely manner. We can provide assistance to any business engaged in both VATable and exempt supplies by ensuring the most suitable apportionment method is used to optimise VAT recovery.

Cash-flow Management

Cash-flow management is a critical aspect for all businesses. From a VAT perspective, there are a considerable number of measures and reliefs available to businesses which can ensure the timing of any VAT payments/repayments are structured in a VAT efficient and cash-flow advantageous manner.

Property Transactions

VAT on property is a complex area. Our VAT team has considerable experience advising on all types of property transactions under both the old and new regime. We can provide assistance to ensure transactions are structured in a VAT efficient manner keeping the real cost of any transaction to a minimum and ensuring all VAT obligations have been met.

VAT Reviews

VAT reviews provide an opportunity to identify key risk areas of your business and consequently mitigate any potential underlying VAT costs. As part of such reviews, we can provide recommendations on controls and strategies to ensure such risks are kept to an absolute minimum going forward.

Staff Training

We can provide in-house VAT training courses on all aspects of VAT and provide supporting VAT material specifically tailored to suit the needs of your business and employees.

Business Systems Development & Risk Assessment

VAT performs a vital function within any business process: used incorrectly, or by improperly trained personnel, it can pose enormous tax risks. By engaging our VAT team, we can ensure that all the VAT-related functionalities in your ERP system are being used to their full extent and ensuring any systems risk is kept to a minimum by implementing the necessary system controls.

Mergers, Acquisitions, Takeovers & Share Sales

We can provide VAT advice on all aspects of M&A activity and address all VAT issues arising from such activity, from the initial planning stages to the closing of agreements. VAT incurred on costs associated with same can be significant, we have considerable experience advising on whether the deductibility of such VAT is possible keeping the real VAT cost to a minimum.

Liquidation, Examinerships & Receiverships

Unfortunately given the slowdown in both domestic and international markets, many businesses are facing critical issues such as insolvency. Our VAT team, working with our colleagues specialising in this area can address the various issues and obligations arising from same.

VAT Audits

We can provide assistance and advice with audits by the Irish tax authorities including pre-audit reviews, advice regarding disclosures, attendance and representation at audit meetings, negotiation and dispute resolution.