VAT refund withheld | AccountingWEB

VAT refund withheld

My company recently purchased 75% of a company coming out of administration. We have submitted returns from when we took over control and paid the money due as required. The last two returns should have been repayments to us - however Customs and excise are not paying the money. They claim that two returns, which were during the period that the company was in administration, have not been filed and that no money will be paid until this is rectified.

Are thay allowed to do this? What can I do to recover the money? Currently we will be expecting a further refund of VAT on the next return as well.

Thank you for all answers/advice.
Jim Watson

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purchase of company shares

Anonymous |