It is a common misconception that an HMRC enquiry starts on receipt of an enquiry letter. Although a formal notification must be issued by HMRC within a specific timeframe, prior to sending this letter, HMRC will have conducted a risk assessment of the business to estimate any potential amount of tax lost and the years impacted.
Source Smith and Williamson
Latest Posts in "United Kingdom"
- Isle of Wight NHS Trust vs HMRC: VAT Exemption Dispute on Locum Medical Practitioners
- HMRC Guidance: How to correct VAT errors and make adjustments or claims (VAT Notice 700/45)
- Supreme Court Decision Mandates Prudential to Pay VAT on £9.3 Million Success Fees
- UK Supreme Court Rules on VAT Grouping and Time of Supply in Prudential Case
- High Court Rules in Favor of Hotelbeds UK on Input Tax Recovery Without VAT Invoices
