VAT: Institute bemoans VAT delays. By Dan Martin
Delays in VAT registrations are harming businesses, a leading tax body has warned.
In a submission to HMRC, the Tax Faculty at the Institute of Accountants in England & Wales complained that the Revenue is failing on targets to speed up the time it takes to register companies for VAT.
HMRC's objective since April 2006 has been to process applications or contact the business concerned for more information within 21 calendar day of the application being received.