SearchVAT annual adjustments: What it is and when to do it
Every year, partially exempt organisations face a vital VAT compliance task: partial exemption VAT annual adjustments. In our latest Insight, our Dains Group colleage Ian Brown outlines why organisations should be preparing now for their annual adjustment and suggests ways to avoid costly errors.
If your organisation hasn’t completed its annual adjustment yet, now is the time to prepare and reflect on any changes during the year which may need fed into the calculation.