Following a VAT review £65,000 repayment received by client
VAT review
After various discussions with our client, based in Scotland, our VAT experts considered in detail the VAT liability of the supplies. Significant research was undertaken and our VAT Accountants concluded that VAT was being incorrectly accounted for on income that should properly have been treated as exempt from VAT.
Following a VAT review we submitted a voluntary disclosure for £65,000 to HMRC on behalf of our client. After a detailed face to face review by HMRC, at which one of our VAT consultants assisted our client, the repayment was received by our client.
A repayment is usually made within 30 days of HMRC getting your VAT Return should the return show an amount due to a business.
Your repayment will go direct to your bank account if HMRC has your bank details.
HMRC guidance
HMRC guidance on how to correct VAT errors https://www.gov.uk/guidance/how-to-correct-vat-errors-and-make-adjustments-or-claims-vat-notice-70045
Meet The Team
PeterSmallwood
Peter has assisted a variety of clients including overseas businesses, large multi-national businesses, family businesses, partnerships and sole proprietors. Peter has represented clients at VAT ADR meetings and at the First-Tier Tax Tribunal. Initial negotiations with HMRC can be crucial and as a VAT specialist Peter has been able to make representations to HMRC that have resulted in a number of clients to successfully resolve matters without the need of further action. Peter has been instructed by a number of firms of Solicitor’s to provide expert witness reports in relation to VAT matters.
Experience
Peter has over 25 years’ experience as a leading VAT specialist working in the profession including being a VAT Director at Deloittes. Prior to working within the profession he worked as a Senior VAT Officer at what is now HM Revenue & Customs (HMRC). Indeed he remembers the days prior to HMRC when he worked at HM Customs & Excise (HMC&E) and before specialising in VAT his work experience included Excise Duty and Customs Duty matters.
RachelDavies
Rachel Davies began her working life in the legal profession. When appropriate Rachel will instruct Counsel on behalf of clients for some of the more complex appeals on which we are instructed. Some appeals where Counsel has been instructed by Rachel have resulted in HMRC conceding the matter only a matter of days before a hearing was due to take place.
She moved on from the legal profession and over 25 years ago began working with the VAT group at Deloitte. Rachel was instrumental in setting up Solve VAT in 2002 and almost the first matter she worked on was what ultimately turned out to be a successful appeal on behalf of a client to the High Court from what was then the VAT and Duties Tribunal.