VAT Compliance

1. VAT Registration

FusionSpark Consulting Ltd is VAT registered under the United Kingdom's VAT system. Our VAT registration number is available upon request. We are required to charge VAT on eligible goods and services provided to clients within the United Kingdom and, where applicable, the European Union and other international clients.

2. VAT on Services Provided

Our services include digital strategy, process improvement, and growth consulting. Depending on the nature of the service, VAT may be charged as follows:

• Standard Rate: Most of the services provided by FusionSpark Consulting Ltd are subject to the standard rate of VAT, which is currently set at 20% in the UK.
• Exempt Services: Certain services, such as those related to education, health, or charitable activities, may be exempt from VAT or subject to a reduced rate.
• International Clients: Services provided to clients outside the UK may be subject to different VAT treatment depending on the country of the client. For example, services supplied to businesses outside the EU may be zero-rated for VAT purposes.

3. VAT Invoicing

When VAT is applicable, FusionSpark Consulting Ltd provides VAT-compliant invoices that clearly outline the following information:

• Our VAT registration number.
• The total amount of the transaction, including the VAT charged.
• A breakdown of the VAT rate applied and the total VAT amount charged.
• Details of the goods or services provided.

4. VAT on International Services

For services provided to businesses outside the United Kingdom, the application of VAT will depend on the nature of the service and the location of the client:

• EU Clients: If services are provided to clients within the EU, VAT may be charged under the reverse charge mechanism if the client is VAT registered. If the client is not VAT registered, VAT will be charged at the applicable UK rate.
• Non-EU Clients: Services provided to businesses outside the EU are generally zero-rated for VAT purposes. This means that no VAT will be charged, but we may request that clients confirm their business status to apply this treatment.

5. VAT Returns and Reporting

As part of our VAT compliance obligations, FusionSpark Consulting Ltd submits VAT returns to HMRC on a quarterly or annual basis, depending on the specific reporting period assigned. These returns provide a summary of the VAT we have charged on sales and the VAT we have paid on purchases, and we ensure that the necessary payments or refunds are made to or from HMRC.

6. VAT Adjustments and Refunds

If there are any discrepancies or adjustments that need to be made to the VAT amounts previously reported, FusionSpark Consulting Ltd will correct these in the relevant VAT period. In certain circumstances, such as overpaid VAT or VAT on returned goods, clients may be entitled to a refund or credit, and we will process this in accordance with VAT law.

7. Record Keeping

FusionSpark Consulting Ltd maintains accurate and up-to-date records of all VAT transactions, including invoices, receipts, and correspondence with clients regarding VAT. We retain these records for the required statutory period as set out by HMRC, which is typically six years. These records can be provided upon request in the event of an HMRC audit or VAT inspection.

8. VAT for Small Businesses and Exemptions

FusionSpark Consulting Ltd qualifies as a VAT-registered business, and we are not currently operating under any VAT exemption thresholds, such as the VAT Small Business Scheme. All services and products provided to clients are subject to VAT in line with current UK VAT law unless specifically exempted under applicable regulations.

9. Changes to VAT Laws

FusionSpark Consulting Ltd will keep up to date with changes to UK VAT legislation and ensure that any necessary adjustments are made to our practices to remain fully compliant. Any changes in VAT rates, reporting procedures, or exemptions will be reflected in our invoicing and VAT reporting procedures, as required by law.

10. Contact Information

If you have any questions or require further information about our VAT compliance or your VAT obligations in relation to our services, please contact us:

• Email: tanaka@fusionspark.co.uk
• Phone: +447456321315
• Address: 64 Stoke poges lane, Slough, SL1 3PD

FusionSpark Consulting Ltd is dedicated to maintaining the highest standards of compliance with UK VAT regulations. We encourage all clients to ensure they understand their own VAT obligations and seek professional advice where necessary.