Penalties for VAT errorsNovember 1, 2010 If you make a mistake in your VAT records, so your VAT return is wrong, you can correct the mistake on your next VAT return, where the total error is less than £10,000. However, HMRC expect you to explain your mistake in a separate letter. If you don’t do this and HMRC discover your error you are likely to get a penalty of 30% of the underpaid VAT. We can help you get your VAT returns right first time. Penalties for VAT errors http://www.hmrc.gov.uk/vat/managing/problems/penalties.htm#2 How to appeal against a decision on VAT http://www.hmrc.gov.uk/complaints-appeals/indirect-tax-appeal.htm |
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