Commentary

V7.286 HMRC approach to dealing with error notifications

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.286 HMRC approach to dealing with error notifications

Part V7 Tax planning | Commentary

V7.286 HMRC approach to dealing with error notifications

There is often a fear among clients and advisers that if they notify an underpayment to HMRC, it will immediately result in an army of VAT inspectors arriving at the door to carry a full audit going back four years.

In reality, this is rarely the case, because HMRC recognises that errors will be made, even with the increasing use of computers to deal with standard VAT calculations. However, it is always useful to ensure that a 'one off' error is clearly explained as such in a letter. It would be considered a

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