HMRC have launched a campaign targetting businesses who are not VAT registered but are trading above the £73k VAT threshold. Letters will be sent out and the deadline for those who want to make full disclosure is 30th September. The benefit will be a reduced penalty rate of 10% on the VAT paid late.
Quality, friendly, Accountant and Tax Adviser in the Saffron Walden area
Turning over more than £73k and not VAT registered?
Posted by admin on Aug 15, 2011 in Date for your diary, Tips
A member of the Chartered Institute of Taxation & Association of Taxation Technicians
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