Audits and Training

Government Agency Executives and HM Revenue and Customs encourage organisations to reclaim as much VAT as possible using in-house methods. Unfortunately mergers, staff turnover and the recruitment of temporary workers can adversely affect the ability to reclaim VAT correctly.

A thorough audit of Accounts systems and files can identify mis-coded VAT and act as a basis for bespoke training - the objective being to equip all relevant finance staff to increase future recovery at source.

Organisations further benefit from audits by engaging the services of advisors with cross-sector knowledge and familiarity of all areas of the relevant taxes. Berthold Bauer regularly demonstrates this benefit by highlighting previously unconsidered or 'missed' areas where cross-spectrum knowledge was required. As our services are self-funding, audits not only provide assurance of full compliance, but are also a means for generating additional revenue. There should be no objections to enlisting our service, especially if your organisation is funded with public monies.

Our training must reflect the issues facing a particular Trust, using suppliers and mis-coded invoices as examples. A ‘standard’ agenda will not achieve the same results as a bespoke agenda based on the findings from a COS audit.

Training for Estates staff on Capital Expenditure and the £5,000 rule can result in substantial sums of VAT being correctly reclaimed by the department.