Strategic partnership creates VAT solutions for Housing Associations

Centurion VAT Specialists has struck a strategic partnership with the largest independent chartered accountancy firm in Wales, Broomfield & Alexander, offering housing associations in Wales local access to audit, tax and VAT support.

Broomfield & Alexander and Centurion VAT Specialists have joined together to offer a “one stop” service to the housing association sector in Wales.

Centurion VAT Specialists will now work closely with the social housing team at Broomfield & Alexander, to accompany its current specialist services including external and internal audit, emerging financial issues, consultancy, training services for staff and Board members, specialist counter-fraud measures and acquisition advice, including due diligence.

Liz Maher, director of Centurion VAT Specialists commented: “We are delighted to be working along side the team at Broomfield & Alexander, who already provide exceptional advice to the housing association sector in Wales. Housing associations can now expect a full service offering, when it comes to specialist financial advice. There are few accountancy service providers in Wales that can offer direct access to a team of four, locally based VAT specialists.”

Justin Crowley, Audit director at Broomfield & Alexander added: “Having worked with the housing association sector for many years, I have recognised that VAT issues are often high on the financial director’s agenda. We wanted to ensure that our housing association clients had direct access to the best possible VAT team in Wales and that is why we chose to work with Centurion VAT Specialists. Many registered social landlords in Wales have considered applying revised group structures which might give them access to much greater VAT recovery. As the standard rate of VAT reaches 20% the potential savings will be even more significant and our joint approach ensures we are ideally placed to assist with these issues.”

Centurion VAT, based in Langstone, Newport, has expert VAT knowledge in various sectors including education, local authorities, government departments, charities and manufacturing.

Established in 1998 and currently serving around 200 businesses and organisations across South Wales, Centurion VAT’s clients include the majority of Welsh Universities, Mitel Networks Ltd, Kimball Electronics (Wales) Ltd, Rockwool Ltd, Tesco, Wallich Clifford, and City and County of Swansea, as well as a range of professional advisers including Geldards and Chandler KBS.