HMRC Increases Scrutiny on Input VAT Refunds: Key Guidance and Steps for Businesses

• HMRC has increased scrutiny on input VAT claims and refunds, with more audits and targeted checks.
• Late input VAT claims are only accepted in specific circumstances and must be well-documented; careless or repeated late claims may incur penalties.
• Businesses must maintain robust internal processes, accurate record-keeping, and timely claims to avoid penalties or rejected claims.
• There is a notable rise in HMRC audits, with a focus on the completeness and accuracy of supporting documentation for VAT refunds.
• Companies are advised to review processes, ensure strong documentation, proactively disclose errors, and seek specialist advice for complex claims.

Source: meridianglobalservices.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.

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