Still waiting further information from client before ascertaining length of overdue returns but at the moment its looking like 10 months.
I have seen past posts on this board confirming that you can operate the FRS from the date of registration (late) but when I look at the HMRC site things get a bit more vague (not much new there!).
One of the questions on their "wizard" is " Have you failed to submit a VAT return at anytime?" Answer no and you get offered FRS, answer yes and you don't. Obviously client has failed to submit at least 2 VAT returns, or am I not thinking on the correct wavelength? (again!)
If anyone could enlighten me on the current practice I'd be grateful.
Thanks
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I have back dated FRS applications to date of registration when registering late on two occassions in the past couple of years. HMRC never raised any objections.
Late VAT registration penalty
Your client can get the 1% discount in the VAT return, but will have to notify the VAT office of the output tax due for the period between the date registration was required and the date the application was received so that HMRC can issue the late registration penalty. The 1% discount cannot be deducted from the flat rate percentage when reporting this information.