Commentary

V7.287 Errors discovered on a VAT visit

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.287 Errors discovered on a VAT visit

Part V7 Tax planning | Commentary

V7.287 Errors discovered on a VAT visit

The routine VAT visit where HMRC attends a taxpayer's premises and look at all records for the previous four years is becoming less common. Many visits are now conducted on a risk-based assessment, and may only look at one aspect of the accounting system.

If an officer finds errors during an inspection, usually resulting in an underpayment of tax, he or she will often send a letter to the taxpayer showing the calculations made to arrive at an assessment. This gives the taxpayer the chance to review the figures (possibly with an accountant or

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