Corporate Transactions

Corporate transactions are inherently risky from a VAT perspective, given they generally involve high value non-routine activities. At a time when the attention of company management can be distracted, the VAT implications of such transactions can easily be overlooked. Proper care is required to ensure potential risks are identified and appropriately addressed or negotiated.

Whether you are contemplating a corporate transaction with a third party, or merely undertaking some internal restructuring, specialist advice should always be sought early in the process. It is usually much harder, and considerably more expensive, to try and rectify problems after the event.

Specialist advice can also help minimise VAT or Stamp Duty Land Tax costs, and improve cash flow. Particular attention should always be given to the treatment of transaction costs, which are often substantial. It is frequently assumed that any VAT charged is automatically reclaimable in full if the business is fully taxable; only realising otherwise on a subsequent H M Revenue & Customs inspection.

We remain closely involved throughout the transaction process and beyond, commonly providing support and advice in the following areas;

• Due Diligence
• Transaction Costs
• Sale & Purchase Agreements Reviews
• Compliance Obligations

Mark and I have worked together on a number of transactions over the last 15 years and I have always valued his commercial approach. He gets the job done with minimal distraction to the management team

– Mark Champion, Partner, ISCA Ventures LLP