VAT Assurance VAT Assurance

Manage your risk and maximise your cashflow How Grant Thornton can provide Assurance to your organisation

VAT Process review

An overall review of your VAT compliance with comparisons made to best

practice. The review would undertake the following activities:

Benefits

• A comprehensive end to end review of your VAT

compliance, analysing data flow from your accounting

source systems through to your VAT return

• Benchmarking against ‘best practice’ • The company could demonstrate it has taken

steps to pro-actively manage risk

• Identification of potential VAT savings and refunds

ExcaVATe VAT Systems review

• ExcaVATe is a bespoke process combining specialist data

mining software with the experience and insight of our

advisors to deliver a review built around your specific

requirements

• This analysis can identify cash saving opportunities as

well as highlighting process and control weaknesses

• ExcaVATe uses methods similar to those used by

HMRC undertaking reviews of this nature

• develop an understanding of your business processes and systems

• interview your people and review your documentation to map the processes

• analyse maps for risk points and potential exposures

• work with you to design and carry out diagnostics tests

• report throughout on our findings, risk issues and potential areas for further

review

• work with you to come up with practical solutions

• assist in the implementation of these solutions

• perform further testing to confirm implementations.

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