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The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Anyone else noticed this?
Post Info TOPIC: Anyone else noticed this?
FoxAccountancyServices


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Anyone else noticed this?
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Just had a client send me a scan of a refund cheque for VAT, to ask if it was correct.  Turns out HMRC took the sales VAT from the bank, disregarding the input VAT, despite that the return was correct.  Luckily this client had the funds to cover the £4k overpayment!!!



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MarkS


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I had a issue similar to this.

Client had £nil sales VAT and £4k purchases VAT so were due a VAT refund of £4k but HMRC were going to take £4k rather than pay them £4k.

Turns out was an issue with Taxcalc software, which I use to submit my VAT returns.  The client had changed from annual accounting to quarterly VAT and because of this something didnt get picked up correctly in their software.



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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
FoxAccountancyServices


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Hi Mark... was the online return showing correctly?

Nice to see you back on! Felt like the "usual suspects" had disappeared the last few weeks!

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VinceH


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Short term loan for HMRC, there. Hope they paid a suitable interest rate on it.

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Vince M Hudd - Soft Rock Software

(I only came here looking for fellow apiarists...)
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