VAT penalties

Are VAT officers taking their new penalty powers too seriously?  Well, the fact that more than half of them are overturned on appeal would suggest so.

A Freedom of Information Act request shows that 16,270 penalties were reversed out of a total of 28,912.  HMRC said that alot of these reversals were because it was found that the taxpayer has a reasonable excuse for their actions and that this does not mean that the penalties were incorrectly levied in the first place.

We say, don’t pay a penalty just because it has been charged.  Seek advice as to whether or not you have grounds to overturn it.


There are no comments yet...Kick things off by filling out the form below.

Leave a Comment