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ARTICLE · 05 MARCH 2013

VAT Focus - January 2013

Smith & Williamson
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Earlier this month HMRC announced a ‘VAT Outstanding Returns’ campaign, which is aimed at businesses that have one or more VAT returns outstanding, and have been told to submit their returns but have not done so.

United KingdomTax
Smith & Williamson
Smith & Williamson

Outstanding VAT returns

Earlier this month HMRC announced a ‘VAT Outstanding Returns’ campaign, which is aimed at businesses that have one or more VAT returns outstanding, and have been told to submit their returns but have not done so. These businesses are being given an opportunity to submit outstanding VAT returns and pay the amount due by 28 February. For business which take advantage of this campaign, HMRC say they will get the ‘best terms available’, which is not explained but may indicate that penalties would be waived or reduced. HMRC also say that if VAT returns are still outstanding after 28 February, “your tax affairs will receive closer attention” from HMRC.

Please contact a member of the VAT team if you wish to discuss any outstanding VAT returns.

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