UHY Ross Brooke Chartered Accountants
VAT registered organisations are no doubt aware of the current default surcharge mechanism for late filing or payment of VAT (but not too familiar we hope!). By Chris Davies The current system is arguably poorly targeted and can give some seemingly unfair results including one case where a penalty of
We have seen anecdotal evidence that basic VAT Registrations are currently taking around 8 weeks to be processed, with more complex/group/land related registrations taking many months. We have received notifications from HMRC that the expected date for some of these more complex cases may be as late as February 2023,
By Chris Davies How important is it to keep historical VAT records?……….Very, if you read the recent Supreme Court case concerning NHS Lothian Health Board and HMRC. This case concerned recovery of input VAT incurred over the period 1974 to 1997. Initially the tax at stake was £7M, but after