I have had one. I had been filing and paying late and the chap said that was exactly why it had be flagged up as higher risk. It apparently also takes 3 years of a blemish free record to "reset" the risk indicator.
I did have some invoices in the Ltd Co for training on a certain aviation related matter, on the grounds that once the Co can trade as a provider of commercial pilot services the hourly rate is greater than mine now. I had been warned that they might not like this argument - so I had a plan to give it them back if they disallowed it.
They allowed it and said it was perfectly acceptable for the company to train an employee to further the companies business - but that they would expect to see invoicing in the future to support this. To which end they will be back in 3 years to re-inspect. I am fine with this as I shall be doing what I said by then.
He did say though that the local takeaway does not count as subsistence; but as the amount was so low it wasn't worth the paperwork in raising an assessment for it.
What a nice chap.
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Reply to: VAT Audit
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Previously on "VAT Audit"
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Originally posted by rootsnall View Post4.5 years and counting for me
The deprived North = contractor boom town
If you are working local and not fiddling your expenses anymore you should probably be on the flat rate VAT scheme.
And I was NEVER fiddling my expenses!!!!
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Originally posted by SallyAnne View PostActually for the last nearly 2 years, I've worked in my home region!
The deprived North = contractor boom town
If you are working local and not fiddling your expenses anymore you should probably be on the flat rate VAT scheme.
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Originally posted by SallyAnne View PostActually for the last nearly 2 years, I've worked in my home region! Just train or taxi expenses. Nothing too extreme there.
The difference in what you are paying the VAT man now compared to before has probably flagged you up.
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Originally posted by SallyAnne View PostI'm having another one - that's 2 in 4 years. My accountant thinks this is odd, but I spoke to the lady at the VAT office and she said it's normal.
Now my husband has just had a letter through too to say his company is having one.
Are these getting more frequent?
Who's had one? More than one?
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Originally posted by ASB View PostThe late payment will put you a long way up the risk register, so will a late return.
You can pay it on line through direct debit, gets you an extra 7 days - but you still need to file the return on time.
I didn't get a proper inspection in 23 years.
If you don't play fast and loose with them they tend to leave you alone.
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Originally posted by SallyAnne View PostWho knows!!
I dont do anything wrong, and SJD tell me how much VAT to pay etc.
I am sometimes late in paying though - maybe that's it. Nothing sinister in it, I'm just a bit unorganised sometimes.
You can pay it on line through direct debit, gets you an extra 7 days - but you still need to file the return on time.
I didn't get a proper inspection in 23 years.
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Originally posted by SallyAnne View PostMaybe this VAT lass in the North East is just the most efficient civil servant in the country?! Damn her professionalism!!
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Originally posted by rootsnall View PostIt's those dodgy hotel expenses again, your card is marked
Actually for the last nearly 2 years, I've worked in my home region! Just train or taxi expenses. Nothing too extreme there.
Maybe this VAT lass in the North East is just the most efficient civil servant in the country?! Damn her professionalism!!
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Originally posted by bogeyman View PostMust be something odd on your returns.
Claiming back too much?
I dont do anything wrong, and SJD tell me how much VAT to pay etc.
I am sometimes late in paying though - maybe that's it. Nothing sinister in it, I'm just a bit unorganised sometimes.
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