VAT Consultancy
TIM Management Consultants provides VAT and other tax consultancy services to a broad range of individuals and businesses. Our strong technical understanding of the VAT & tax laws is backed by a solid understanding of business dynamics.A typical project would be broken down in three stages:
1. Plan Your VAT Strategy/ VAT Registration Support
2. Comprehensive Roll-out
3. Company-Wide Implementation
Plan Your VAT Strategy / VAT Registration Support
Define a VAT implementation strategy based on your business dynamics. Support company for VAT Registration. Explore the options of outsourcing the implementation process. This includes a comprehensive Project Setup involving review of business processes, transaction walk-throughs, identify potential VAT risks and high level assessment of technology set-up that our professional team is both confident and competent of in order to support you at every stage.
Comprehensive Roll-out
Our professional team will in this stage help you navigate the VAT laws in the region. TIM’s staff are fully equipped with the knowledge to successfully implement the required processes. This includes planning, review and validation of VAT change requirements, VAT risk management, advice on possible procedures and policy change and assessment of your current ERP system.
Company-Wide Implementation:
VAT Implementation requires involvement from the entire organization because of the impact it has across the entire organization.
Our expert team will help in reviewing Technology changes via walkthroughs in test database environment, revised system, VAT process maps & workflows. Some key areas of focus will be:
- Ensuring proper VAT record keeping.
- Generate awareness amongst existing staff.
- Training the finance, accounts and business team.
- Ongoing VAT return filing.
- Support in VAT return.
- VAT health check.
- System generated VAT Management Report as required by FTA.
- Conducting periodical ( Monthly/Quarterly) visits at Client premises to provide consultancy for VAT Accounting.