VAT Health Check
Is Your VAT Position as Solid as You Think?
Filing a VAT return is a regular part of business. But the reality is that VAT compliance extends far beyond submitting a return. Mistakes in reporting, invoicing, and VAT recovery can go unnoticed for months or even years, only to surface during a formal review.
The VAT Health Check is designed to provide your business with clarity and control over its VAT position. It is a structured, independent review that evaluates your VAT processes, documentation, and reporting to identify risks, inefficiencies, or compliance gaps.
Whether you manage VAT internally, through a CSP, or via your finance team, this check gives you the insights you need to take corrective action before problems escalate.
Why Consider a VAT Health Check
Many businesses operate under the assumption that their VAT processes are sound until they are faced with challenges. This service provides peace of mind and technical assurance in the following situations:
What the VAT Health Check Involves
The VAT Health Check is designed to be flexible and can focus on areas most relevant to your business. It may include:
- Reviewing one or more VAT returns for accuracy, structure and logic.
- Reconciling return values with sales and purchase records.
- Examining a sample of sales and purchase invoices for compliance with VAT rules.
- Reviewing recap statements where applicable.
- Analysing input VAT claims to assess eligibility and risk.
- Checking consistency between information held with different authorities such as the MBR and MTCA.
- Identifying potential risks relating to exemptions, reverse charge mechanisms, intra-communicty supplies, and fixed establishment provisions.
- Highlighting gaps in processes or record-keeping that may require adjustment.
The process concludes with a detailed written report outlining key findings, observations, and suggested next steps.
Who should consider this service
This service is suitable for businesses undergoing rapid growth or changes in operations, companies operating cross-border or in complex industries such as gaming, fintech, crypto, and digital services, businesses preparing for a potential audit or regulatory enquiry, organisations that want to validate the quality of their internal VAT processes, and any business that wishes to proactively manage its VAT risk.
A VAT Health Check provides more than a review. It gives you:
Confidence in the integrity of your VAT position
Insight into whether you are reclaiming all VAT available to you
Identification of errors or oversights before they become liabilities
A clearer understanding of your business’s exposure to VAT risks
Support in applying practical fixes and enhancing internal controls