Legal Finance News
- Surviving an SRA Forensic Investigation Visit
The November edition of ‘Managing for Success’, the magazine of the Law Society's Law Management Section, features an ar...Surviving an SRA Forensic Investigation Visit - read more
- In House Legal CPD Training Offer
During December 2013, January 2014 & February 2014 we have a limited number of dates available where we are offering to ...In House Legal CPD Training Offer - read more
VAT for Solicitors
The starting point for dealing with how VAT applies to your Solicitors firm is an understanding of the basic operation of the VAT system within the United Kingdom including consideration of the various VAT schemes now available and HMRC's record keeping requirements.
Beyond that there are specific VAT issues which are likely to be of interest to those in the legal profession including the proper treatment of disbursements and other similar expenses for VAT purposes. In particular VAT problems are often faced by legal aid practitioners in receipt of regular payments from the Legal Services Commission.
Our courses dealing with VAT for Solicitors can give an overview of the above and provide detailed practical steps. Alternatively, for more tailored guidance our consultancy service can help resolve VAT issues or inspections.