Top 10 of 776 law firms for VAT on Business Assets with Private Use, Debt and Tax Law

Law firms ranked by client reviews

This work covers how VAT is charged on assets a business buys that are also used privately, and how input tax recovery is adjusted where private use occurs. A solicitor in this area assesses whether input tax on assets such as company cars, equipment and other capital goods can be wholly or partly reclaimed, and advises on apportionment methods, adjustments under the Capital Goods Scheme, and robust record-keeping to stay compliant with HM Revenue & Customs rules. They also help plan for potential VAT liabilities arising from private use and draft disclosures for VAT returns to avoid penalties.

What a solicitor handles in these matters

They name the provisions, structures and calculations involved in apportioning input tax between business and private use, the Capital Goods Scheme adjustments, and the evidence needed to justify the chosen method, along with the interaction with VAT record-keeping and HMRC compliance.

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Mark Wilson

Tagged solicitor Mark Wilson

I had approached several companies and none of them would help me, Richard Nelson LLP were kind enough to give me the time to explain my circumstance, could see that I was out of my depth and needed help. I never engaged with Mark Wilson so I cannot comment of him as an individual, however Andy Maxfield his associate. Andy was really good, could understand my circumstance, showed realistic empathy for my circumstance along with delivering realistic expectations. He offered helpful and practical advice during the process and to support me going forward. I'm truly grateful to his team for the work they did. They worked really hard to try to organise and summarise some confusing data, present a concise and factual argument to the HMRC whom they already had a relationship with which allowed them to manage the approach in a manner that was controlled and specific and controlled the narrative. The cost was significant as a normal working person on a normal salary, but it was inline with industry standard costs for this level of expertise. I did not feel taken advantaged of and the reality is it cost what it cost. If i had been taken to court by HMRC the costs would have been more significant. It takes as long as it takes and you need to do as much leg work as possible for them to work efficiently and effectively on your behalf. I would recommend Richard Nelson for any normal person whom is struggling to understand the complex and frightening nature of tax issues especially if you have never been registered for self employment like I hadn't.

Review left by Paul,

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