First VAT return HMRC enquiry - AccountingWEB
2024年12月11日 · It is now time for the second VAT return - the VAT due for this return is less than the repayment due to us from the first return. Given the excessive time HMRC have taken and the ADR involvement the bl00dy-minded part of me wants to tell the client not to bother paying the VAT due and let HMRC take it out of what they owe us.
Double paid VAT return - how to get refund? | AccountingWEB
2023年11月12日 · HMRC generally hold any overpayment to set off against a future VAT return, but client can ring HMC and ask them to return the overpayment, but before calling, check that the client has bank details setup for a refund else client will receive a cheque and then that is another layer of hassle you don't need.
VAT Return not showing on HMRC account | AccountingWEB
2024年4月2日 · The odd thing is that the return does not show on the HMRC VAT account of the company. Later, I called the ...
How Long Do VAT Refunds Take to Pay Out? - AccountingWEB
2024年9月25日 · Generally, HMRC processes VAT refunds within 30 days of receiving your VAT return. In some cases, refunds can be issued in as little as 10 days. If the refund takes longer than 30 days, businesses may be entitled to a repayment supplement or interest on …
PD1 VAT return submission query - AccountingWEB
2024年2月21日 · There is no way these can have a Government Gateway account, as HMRC do not allow it and due to the sensitive nature of their information have no digital footprint at HMRC for any tax and therefore you cannot get past the Security check screen to submit VAT returns (and other taxes) in the normal manner.
What data do HMRC actually receive via MTD | AccountingWEB
2022年1月24日 · Could anyone advise what HMRC actually treceive when a VAT return is filed directly from software like QB, Xero, Sage and Kashflow etc? Is it still just the VAT summary so single numbers for boxes 1 to 9 or do they also receive the …
VAT Submission Failed - AccountingWEB
2024年12月7日 · HMRC are aware of an IT issue that has prevented a number of VAT returns submitted on 7 December 2024 from being accepted on to customers’ VAT accounts. If you’ve been impacted by this issue, your business tax account will show the return as due on and received on 7 December 2024, but with a penalty or penalty points applied.
30 years old VAT Return - AccountingWEB
2023年1月4日 · HMRC have no powers to require a VAT return, unlike of course for an income tax/CGT or CT return – VAT is a pure self-assessment tax like PAYE or SDLT where the obligation is to file a return whether served with a notice to do so or not.
VAT return: Checks a responsible business owner should make
2018年1月18日 · In another case, HMRC issued a “deliberate not concealed” penalty against an ice cream business for its September VAT period. The return in question was a repayment, the repayment being caused by lots of different errors. The HMRC approach was that the director should have expected a payment VAT return in his busiest period of the year ...
Getting the VAT return right – part 3: Common errors
2017年10月6日 · HMRC would like to encourage businesses to get their VAT returns right in the first place, rather than make lots of errors which HMRC or tax advisers have to correct with VAT assessments, return adjustments or form VAT652 voluntary disclosure corrections. The penalty system, which has been in place since 2009, is based on the behaviour of the ...