Penalty for VAT errors

HMRC is changing its approach to inaccuracy penalties for cases where HMRC intervened to correct an inaccuracy, before the next VAT return is submitted, thereby preventing the inaccuracy from being reversed or corrected by the taxpayer.

Therefore, if you have been penalised because HMRC discovered an error on a visit before you were able to correct it on the next return, please review the position with us to consider if the penalty can be successfully appealed.

Indeed a recent report suggests that, in general, more than half of the penalties issued by HMRC were overturned on appeal.

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