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Where Taxpayers and Advisers Meet

Search found 3 matches

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by rapido
Tue Jun 06, 2006 2:35 am
Forum: Tax Investigations and Enquiries
Topic: VAT threshold
Replies: 10
Views: 6654

<t>As we naively (OK, stupidly) thought our business and accounts were transparently simple, if a little unconventional, we didn't actually use an accountant as such, just a Tax Advisor to handle the tax side of things. This tax advisor is now vigorously defending our figures but so far the Inspecto...
by rapido
Mon May 22, 2006 6:26 am
Forum: Tax Investigations and Enquiries
Topic: VAT threshold
Replies: 10
Views: 6654

<t>Thank you for your help and comments so far, but perhaps the question may have been misunderstood; we weren't deliberately evading VAT, just trading below the threshold. However, the tax inspector seems to think we "should have" been turning over at least double what we declared, based on what "s...
by rapido
Fri May 19, 2006 4:17 am
Forum: Tax Investigations and Enquiries
Topic: VAT threshold
Replies: 10
Views: 6654

Our business, currently under investigation, always traded below the VAT threshold. If we agree to a settlement, in the interests of drawing a long investigation to a close, it would imply a turnover above the threshold; would the VAT guys then come to us for alleged unpaid VAT?

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