- The CIOT and ATT highlight unfair differences in interest rates for VAT repayments.
- HMRC charges taxpayers a higher interest rate for late VAT payments than it pays for delayed repayments to businesses.
- The representation criticizes this imbalance as blatant unfairness.
- The reason for the higher rate charged to taxpayers is unclear.
Source: marcusward.co
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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