There are signs that something is going very wrong in payment allocation and return recording in HMRC’s Making Tax Digital for VAT records. Business owners may wish to double-check their Business Tax Account, or if they have a tax agent to ask the tax agent to check their Agent Services Account as there is increasing evidence of ‘glitches’ on the account. It appears that the agent ASA may not reflect what is shown in the Business Tax Account and vice versa and that HMRC are not showing tax overpayments.
Source: rossmartin.co.uk
Latest Posts in "United Kingdom"
- Court Ruling Redefines VAT Status for Further Education Colleges and Potentially Academies
- Tribunal Partly Allows Transwaste VAT Appeal; Upholds Penalties Where Fraud Knowledge Proven
- Limited SME Adoption and Understanding of E-Invoicing Despite High Familiarity Rates, HMRC Study Finds
- Tribunal Rules Mega Marshmallows Not Confectionery; Zero-Rated for VAT Under UK Law
- Isle of Man Introduces VAT Relief for Charitable Donations by Businesses from April 2026
