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The relationship between Spain and the U.K. has always been significant in terms of trade. Spanish companies that have decided to expand their business to the U.K. have to deal with the ever-changing nature of indirect tax regulations and the complexity introduced by conducting business across geographic borders and jurisdiction, which can make compliance a challenge even for the savviest corporations.
The recent impacts on tax compliance stemming from Brexit in the U.K. also require new approaches to indirect tax compliance. Understanding the substantial changes and communicating with tax authorities and advisers in a foreign language makes it even more challenging.
A&M’s Tax practice in the U.K. includes a team of Spanish native speakers who specialise in indirect taxes such as Value-Added Tax (VAT), custom duties, excise duties and tax compliance, and provides end-to-end assistance to clients who require or simply prefer Spanish-speaking advisers to lead them through the changing tax landscape.
What Are Some of The Services You Provide?
Organisations rely on A&M for sustainable compliance that ensures the proper indirect tax reporting and planning, including:
- Designing efficient supply chain tax positions
- Identifying and implementing beneficial VAT schemes and options
- Reviewing and advising on import procedures and implementing optimal arrangements, especially post-Brexit
- Developing pre-transaction strategies
- VAT assistance over multiple jurisdictions with one point of contact
- Registering for VAT
- Preparing and filing VAT returns
- Optimising the compliance process
- Assisting with VAT audits and liaising with HMRC
Do You Have Questions about VAT Compliance?
No matter where you are in your business’s lifecycle, A&M has answers to help you mitigate risk and efficiently plan for indirect taxes.
Have Changing Regulations, Such as Brexit, Complicated Reporting?
Our team is highly knowledgeable about the regulations and complexities of the U.K. indirect tax environment following Brexit and has vast experience in advising overseas clients on both in the trade of goods and services in the U.K. We bring added value by accompanying you through these new procedures in your mother tongue.
Are You Designing New Supply Chain Arrangements?
Along with changing supply chains come new tax issues that companies must navigate to remain compliant and to ensure they are operating in the most efficient tax position possible. We provide advice to ensure your indirect tax structures are efficient and accurate, delivering the knowledge and expertise you need across jurisdictions.
How and where you store the stock before final distribution can make the difference in whether you are paying more tax than you should. We help clients improve their cash flow through appropriate arrangements.
We make your life easier; we not only assist with U.K. VAT matters, but we provide integral advice as required, covering any other jurisdictions. There’s also no need to coordinate with multiple local advisers since A&M serves as a single point of contact.
How Much VAT Is Your Company Incurring?
Following Brexit, overseas traders are facing now additional costs and we can help ensure you’re paying the correct amount of VAT and duty and optimising VAT recovery.
Have You Had Queries About Your VAT/Customs Position From The Tax Authorities?
Tax authorities will flag irregularities or inaccurate data when you file indirect tax forms or import declarations. Our team can help you identify problem areas, fix them, and liaise with the tax authorities on your behalf.
What Are the Benefits of A&M’s Tax Compliance Services?
A&M provides an end-to-end solution for indirect tax advisory and compliance that removes a significant burden and certain difficulties from Spanish-speaking clients doing business across borders. Additionally, the benefits of A&M’s Spanish Tax services include:
- Optimise the tax position: We help clients design efficient tax positions from an indirect tax standpoint to ensure the client is compliant and in the most beneficial situation possible.
- Optimise supply chain arrangements: We provide tax advice to improve a client’s tax position along the supply chain and across borders to put clients in more efficient positions.
- Improve cash flow: Depending on how and where you store products along the supply chain, clients can avoid paying more taxes that they should. Through effective warehousing practices and by applying certain schemes, clients may improve their cash flow position.
Why Should You Use A&M’s Indirect Tax Services?
A&M’s Tax practice includes a team of highly skilled professionals in the field of indirect taxation, providing end-to-end assistance in every industry. Additional reasons to use A&M include:
- Native language advice: Our team puts Spanish clients at ease by working in their first language while simultaneously providing knowledge and English-language capabilities to keep abreast of changing U.K. indirect tax matters.
- Integral solution for international clients: A&M’s global resources provide clients with the knowledge and expertise they need across different countries, preventing clients from having to liaise with local advisors in multiple jurisdictions independently.
Did you know?
Spain is the U.K.’s ninth largest trading partner, with a total of £ 33.1 billion in total trade in goods and services in 2021 and £ 19 million in Spanish imports to the country.
Source: U.K. Department for International Trade
Additional Contacts
Blanca Candenas Carretero
Assistant Director
bcandenas@alvarezandmarsal.com
Constanza Babio
Associate
cbabio@alvarezandmarsal.com
LEARN MORE ABOUT OUR INDIRECT TAX SERVICES
