This is called compliance and involves the following:
- Recording each transaction
- Preserving evidence
- Generating VAT-related documents
- Filing returns
- Dealing with queries arising from return filing
It’s also important to note that compliance with EU and UK VAT systems are subject to tax authority inspections.
What all this means, is that if you’re using your asset for business, you’ll need specialist VAT management.
How Y & A Group, LP help
Y & A Group, LP’s extensive experience means we know exactly how to consistently support your crew, managers, directors and family office.
In doing so, we know how to help reduce your compliance burden and improve your business’ tax-efficiency.