Howdy peeps,
New to this game and my small time local accountant has, imho, totally shafted me with my VAT and FRS registration. I was not advised I should be on it by them, and actually believed I was already on it so paid my VAT out of ignorance. they then recommended I went on it after my first return (they said they couldn't possibly have just asked me a couple of questions before hand to find out if I would be better off - had to wait for a real return! WTF?) and then that didn't come through in time. I was advised by HMRC that my registration could be backdated a few periods, and my accountant agreed this and as such I then paid my 20% VAT bill under the belief that the next time it can be back dated and I'll have a negligible one to pay. But apparently it's not possible to do this and I feel I've been screwed out of maybe £2-3k of VAT. I'm been ignorant and lazy and need to improve, but I pay them to know what I don't. I'm planning on moving to Nixon Williams for what I hope will be a more regimented and proactive service, but need to tie up where I am at the moment
So my question mostly is, does anyone here have any tails of successfully back dating FRS dates? Whilst I was advised 2:1 by HMRC that this is not possible (but I could appeal in writing), other sources have said it's down to who you're dealing with etc.
Thanks
Chris
New to this game and my small time local accountant has, imho, totally shafted me with my VAT and FRS registration. I was not advised I should be on it by them, and actually believed I was already on it so paid my VAT out of ignorance. they then recommended I went on it after my first return (they said they couldn't possibly have just asked me a couple of questions before hand to find out if I would be better off - had to wait for a real return! WTF?) and then that didn't come through in time. I was advised by HMRC that my registration could be backdated a few periods, and my accountant agreed this and as such I then paid my 20% VAT bill under the belief that the next time it can be back dated and I'll have a negligible one to pay. But apparently it's not possible to do this and I feel I've been screwed out of maybe £2-3k of VAT. I'm been ignorant and lazy and need to improve, but I pay them to know what I don't. I'm planning on moving to Nixon Williams for what I hope will be a more regimented and proactive service, but need to tie up where I am at the moment
So my question mostly is, does anyone here have any tails of successfully back dating FRS dates? Whilst I was advised 2:1 by HMRC that this is not possible (but I could appeal in writing), other sources have said it's down to who you're dealing with etc.
Thanks
Chris
