VAT inspection results in penalty challenge
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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