1st VAT Inspection

chrissa1 | 15:01 Fri 12th Nov 2010 | Business

6 Answers

We are having our 1st VAT Inspection next month. I've just received the letter confirming this and it states that they want to look at our last Return dated 31st July for which we received our Reclaim Amount. It also says that our claim won't be processed until after the Inspection
As we have just submitted out Return for the end of October does this letter mean that this Return amount won't be paid?

Can a company in administration come after you for a debt?

Video for sale???

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ummmm

You'v paid your VAT for Oct? If so, yes it will be paid.

chrissa1

Question Author

No we are awaiting a Reclaim Payment.

albaqwerty

pay them VAT when it;s due irrespective of waiting for a reclaim you don't mess around with them

chrissa1

Question Author

I don't owe them any VAT, we export, but purchase all our manufacturing goods here.

buildersmate

Yes. They want to check that you are genuine. There are far too many businesses out there trying to defraud by claiming the VAT back on purchases made in the UK on which a refund is due when goods are exported.

chrissa1

Question Author

Thanks buildersmate, I guessed as much.

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