The material prosperity of a nation is not an abiding possession; the deeds of its people are.
George Frederic Watts
Had one once, he spent 20 mins looking at sheets and receipts, said "That's all fine" and left. At least VAT is fairly simple and it's hard to make major errors.
If everything isn't black and white, I say, 'Why the hell not?'
John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)
It's common for people to make errors on FRS if they do it themselves as they often assume you take the flat rate from the net invoice value rather than the gross. Or take the 1% discount from the date they join the scheme rather than the date of VAT registration.
If you're standard rated there's a whole host of things that can go wrong. Claiming VAT on non-VATable items like insurance and use of home, claiming foreign VAT, not declaring VAT on certain sales, not knowing the rules for overseas items, place of supply rules, recharges, bad debts etc. VAT can be surprisingly complex.
I shouted HELP my accountant, pcg and a mate whos been in HMRC for years.
Accountant will be on end of the phone during the visit.
I read on one site they only go back 4 years though accountant says they need to know the period being investigated so they can provide the calculations for the vat amounts.
Accountant is SJD so hopefully their size will inspire confidence.
And I can claim off pcg plus for the day as they'll be visiting my home address.
Some things in Moderation
Fingers like lightning