Commentary

V7.143 Arrears of tax through late registration

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.143 Arrears of tax through late registration

Part V7 Tax planning | Commentary

V7.143 Arrears of tax through late registration

If a business is registered for VAT from an incorrect date, then it will be required to complete a single VAT return to cover the period from when it should have been registered to the date when it actually became registered. In some cases, this period can be for many years.

The ideal situation for a business will be to recharge its customers for any unpaid output VAT – this situation is most likely to be practical if the customer is VAT registered and able to recover the VAT as input tax. The VAT

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