- Form VAT 484 used in fraudulent attempts to access businesses’ VAT repayments
- Businesses can update VAT details online or using paper form VAT 484
- HMRC taking action to address issue, writing to businesses to confirm changes made since January 2024
- ICAEW’s Tax Faculty urging businesses to check bank details in tax account and ensure expected repayments have been received
- Repayment traders primarily targeted, but all VAT-registered businesses should remain vigilant
Source: icaew.com
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.
Latest Posts in "United Kingdom"
- Navigating VAT Challenges in UK Care Homes: Compliance, Risks, and Strategic Planning
- UK Chancellor Considers Increasing VAT Threshold to Boost Business Growth
- Potential VAT Changes for Travel Businesses: UK and EU TOMS Reforms, New Platform Rules
- VAT Fraudster Arif Patel Loses Ferrari and £90m Property Empire in HMRC Crackdown
- UK Internal Market Act Reforms Enhance Trade, Flexibility, and Collaboration Across Nations
