VAT health check
A VAT health check is a review of your existing operations and activities to ensure:
- correct rates are being applied
- sales invoices are issued in accordance with regulations
- proper purchases invoices are received and recorded
- VAT is calculated and accounted correctly
- no VAT has been reclaimed on private or non-deductible expenditure
- proper documentation is in place to very intra-EU supplies and exports outside the EU
- VIES statements are properly completed
- where there is partial entitlement to recovery that Revenue have approved the basis of recovery