For finance and Tax directors managing the VAT risk and the cash flow implications can be a real challenge which is often compounded by constantly evolving case law, Statute and HMRC guidance. With the introduction of the “New Penalty Regime” and other penalties such as the “failure to notify penalty” and “wrongdoing penalty” compliance is of paramount importance to avoid costly errors. Whether you are looking to reduce your VAT compliance risk or mitigate unnecessary VAT loss through structuring KPMG have the technical insight and skills to assist.