VAT registered businesses will be more than familiar with the requirement to file VAT returns on a quarterly basis. Whether the business is required to pay VAT to HMRC, or whether it is able to claim VAT back from HMRC depends upon the input and output tax applicable for that quarter. Specialist VAT dispute solicitors at Altion Law can assist if for example, HMRC disagree and won’t grant a refund of VAT due to you or your business.
HMRC defining VAT
HMRC define VAT as a tax on consumer expenditure that is collected on business transactions, imports and acquisitions. With many different rules that apply in various circumstances, and the numerous changes that take place. It is not surprising that many businesses find it difficult to keep on top of the VAT requirements for their business. Many disputes arise out of specialist VAT issues. These include Missing Trader Fraud, Acquisition Tax and VAT issues. All of which arise for businesses dealing with trade outside of the UK. This can including both duty paid and duty suspended trade. Where VAT claims involve goods, or services traded with the EU, a refusal to refund input tax may lead to an Acquisition Tax notification.
Altion Law are specialists at advising and representing parties who have received VAT assessments, VAT Investigations and wrongdoing penalties from HMRC. If you would like to have a confidential discussion with a member of our team, if you complete our Contact Us Form, we will call you back at a time that is suitable for you or you can contact us directly on 01908 414990.
Understanding key decisions
It is important for each business to have a clear understanding of the position, to be able to make the most suitable decision moving forward for your business. Whether your query relates to VAT registration, input/ output tax queries or HMRC VAT visits we can assist. At Altion Law can provide you with the guidance and assistance you need to ease your mind.
We have advised and represented numerous businesses in relation to VAT Assessments and Wrongdoing Penalties raised against the business. We have also represented those directors when HMRC have passed any wrongdoing penalty across to the director, in their personal capacity. There are strict requirements on when a wrongdoing penalty can be passed across to the director, or directors in their personal capacity. So, it is important to be armed with the correct information as early as possible. Therefore, guidance and advice is important at an early stage.
Altion Law are specialists at advising and representing parties who have received VAT assessments, notice of VAT investigations and wrongdoing penalties from HMRC. If you would like to have a confidential discussion with a member of our team, if you complete our Contact Us Form, we will call you back at a time that is suitable for you or you can contact us directly on 01908 414990.