07702200766
07702200766
ACCA Approved Accounting Firm
ACCA Approved Accounting Firm
VAT Investigation
VAT Investigation
The VAT rules and regulations are complex, which can lead to either business
overpaying or underpaying the tax.
VAT Investigation authorities
VAT Investigation authorities
The VAT authorities have extensive powers to investigate issues including evasion and criminal offences, such as fraud. In certain cases, investigations can go back up to 20 years.
Potential consequences can result in the recovery of underpaid VAT,penalties and interest and in the case of criminal activities, prosecutions that can lead to fines, prison sentence and seizure of assets.
OUR ROLE
OUR ROLE
If your business is under investigation on a VAT issue, we can represent you in dealings with the VAT authorities, including making disclosures, and advise you on the best way forward to achieve an appropriate outcome.