Service
Partial Exemption Review
Review of partial exemption calculations, special methods if used, and the annual adjustment that closes the year.
Partial exemption is where small coding errors compound into large recovery differences. We re-perform key steps using your ledgers and invoices, test the recovery fraction, and review the annual adjustment. Where a special method is in place, we check that the approved approach is still being followed in practice.
Included in this engagement
- Mapping of taxable, exempt, and residual expenditure
- Test of recovery percentage against source data
- Annual adjustment walkthrough
- Notes on method suitability for your mix of supplies