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The value-added tax system is not complex to understand but difficult to manage. That’s why businesses eligible for VAT hire VAT consultancy in Dubai to manage VAT operations.

Implementing VAT involves VAT registration, VAT implementation, VAT accounting, VAT audit, VAT filing, and managing post-implementation operations. Unless you are an expert in it, you cannot manage it.
Hiring VAT consultancy to implement and ensure compliance of VAT has numerous benefits. Let’s have a look at some of them.

1. Implement VAT

Not all businesses require paying VAT. If your business is VAT eligible, you have to register your business for VAT with the tax authorities of Dubai. A VAT consultancy provides assistance to businesses for registration. Once your firm is VAT registered, your VAT consultancy helps you implement the VAT. Implementing VAT involves structuring transaction flows, creating an operating model for the entity, assisting in aligning business practices with VAT regulations, selection of accounting software, and assisting through the initial phase. Implementing VAT without the help of VAT consultancy could be a mammoth task.

2. Manage VAT accounting operations

The VAT system is a transaction-based taxation system that requires accurate recording of revenue, costs, output VAT, input VAT, etc. A good accounting system with proper controls helps to identify the impact of VAT on each transaction. A vat consultancy maintains accurate book account in compliance with VAT laws. Account keeping includes recording important information such as the rate and amount of VAT taxable on merchandise and the rate of the merchandise before adding VAT. Your consultancy maintains proper documentation and keeps the original copies of the invoices you receive from your traders to help you reclaim any extra tax you have paid during these transactions.

3. File VAT return and recover VAT

A vat consultancy calculates the amount of VAT return. The basic principle behind VAT return is VAT you pay on goods should roughly balance VAT you receive from customers. There are many legal ways that can help you recover VAT. A vat consultancy has years of experience and ability to find VAT recovery opportunities for its clients. They have the high-end expertise of recording, filing, and reporting the VAT for your business. By appropriate recording and filing, a vat consultancy in Dubai ensures that clients pay only the minimum amount of tax without violating any laws or triggering damage to its clients’ relationship with the UAE government.

4. Ensure VAT compliance

A VAT consultancy provides you a 360-degree solution. It offers you services ranging from VAT registration to VAT accounting, VAT implementation, VAT compliance, and post-implementation services. So you don’t have to worry about VAT compliance, which is the major concern for the businesses. Your VAT consultancy takes responsibility for VAT compliance.

Anyone who has previously been declined life insurance will know how frustrating the process is.

You’ve answered hundreds of questions, handed over your medical history, jumped through all the hoops and your told…computer says no.

It’s a common story we hear from clients but there are other options. It’s just about finding the right broker who can help.

Mortgage brokers will know mortgages like the back of their hand but don’t have experience when it comes to pre-existing medical conditions or high risk occupations for insurance.

It’s this reason the majority of the leads we get from people who have been declined have been via their mortgage broker.

It’s in these cases you need to ensure your dealing with a life insurance broker who knows the market.

And ensure you check with your business in case they provide Group Life Insurance which will be providing you cover already.

Why have I been declined Life Insurance?
Every Life Insurance company has it’s target client base and many declined customers just don’t fit the criteria.

It might not be anything life threatening or dangerous but the insurers just don’t want that risk.

However your decline may be due to something you have rightly disclosed in your application.

Common declines will be due health conditions, high risk jobs, extreme sports, BMI score and even certain hobbies…

Your well known insurers will usually decline these cases because they have enough business not to take the risk.

Just because life insurer isn’t a household name doesn’t mean you should discount them. We can work with all insurers, so it’s these specialist companies Hooray Health & Protection source for clients.

How can I get the best price?
Everybody is different and no case is ever the same, so your premiums will vary one person to the next.

Insurers calculate your price on your individual profile, if you work in a high risk job or have health conditions your premium will be higher then average.

We don’t go to just one insurer for you price but instead contact numerous insurers that we work with.

This way you know your getting the best price for life insurance and all avenues have been checked…

Why should I use Hooray Health & Protection?
At Hooray we only deal with insurance so it’s our bread and butter, it’s what we do on a daily basis.

We have helped people who have been previously declined with health conditions, hazardous occupations and living in high risk countries get life insurance.

Hooray Health & Protection don’t charge you any fee as paid by the insurance companies for placing the business with them.

If you apply directly or recommend us to a friend, as a thanks, if a policy is taken through us we send you £25 Amazon voucher.