Commentary

V7.312 Relationships with HMRC—planning points to consider

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.312 Relationships with HMRC—planning points to consider

Part V7 Tax planning | Commentary

V7.312 Relationships with HMRC—planning points to consider

The following action plan should help a business or adviser to get the most out of its relationship with HMRC and avoid any major problems:

  1.  

    •     Always aim to pay tax and submit VAT returns on time.

  2.  

    •     Ensure that a senior employee in a client's business spends time carrying out a thorough review of a VAT return before it is submitted to HMRC (see V7.302 for suggested checks). This will hopefully avoid a penalty being incurred for failing to take reasonable care.

  3.  

    •     In the event that VAT cannot be paid, contact

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