Blog23rd Apr 2024Potential VAT Refund Fraud – Are Your Bank Details Correct?We have been alerted to a number of cases where taxpayers’ bank account details have been amended without their knowledge. This fraud involves the submission of a letter or form VAT 484 purporting to be from the taxpayer requesting that…By Alistair DuncanView more
Blog6th Feb 2023A Golden Anniversary for the “Simple Tax”1973 was a momentous year! Starting on a Monday, 1973 kicked off with a “Long Haired Lover from Liverpool.” In cinema, The Godfather won the Oscar for Best Picture. Whilst in politics, Roe v Wade was decided by the Supreme…By Alistair DuncanView more
Blog8th Dec 2022Say hello to HMRC’s new VAT penalty & interest rulesThe current default surcharge regime for VAT has often come in for criticism, with the penalties applied being disproportionate to the length of delay. From 1st January 2023, a new VAT penalty regime will replace the outgoing default surcharge system.…By Alistair DuncanView more
Blog14th Nov 2022VAT treatments to help manage your cashflowBusinesses are continuing to face uncertainty arising from tensions created by the global political and economic situation and the impact of the pandemic. These issues have the potential to impact significantly on your cashflow. For many businesses, VAT can have…By Alistair DuncanView more