How would your VAT position stack up in a pre-sale due diligence review? It’s always important to ensure your business has a “clean bill of health” for VAT but one of the most important times to ensure that everything is in order for VAT purposes is pre-deal.
In the past few weeks 75% of VAT due diligences we have undertaken have resulted in major VAT issues which could have stopped the sale going through. This is quite an alarming statistic for those planning a sale. In this article, Laura Quirke explains why VAT can be important for your deal and what you should do to get it right