VAT investigation

VAT inspection results in penalty challenge

VAT investigation

Case Study5th May 2020

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Our Client 

A business received a Notice of Assessment from HMRC following a VAT inspection. HMRC had issued a penalty of 30% of the assessment. 

Our Approach 

  • Completed a full review of the assessment 
  • Submitted a request for an independent review of the assessment 
  • Sought to mitigate the level of penalty imposed by HMRC  
  • Allowed the business to focus on managing day to day operations

The Outcome 

  • HMRC reduced the VAT inspection penalty to 15% but following recommendations from AAB in improvements to the client’s VAT processes, HMRC suspended the penalty entirely 
  • HMRC reduced the assessment for the element that had been challenged 

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