Some will remember this thread: https://www.accountingweb.co.uk/any-answers/vat-registration-and-excepti...
The accounts filing deadline in approaching with no decision or feedback from HMRC. What would you do?
a) Prepare and file on the basis that exception will be granted
b) Prepare and file on the basis that it will NOT be granted, but assume the VAT can be recovered from the client(s).
c) Prepare and file on the basis that it will not be granted and the VAT CAN NOT be recovered from the client(s). Recovery is possible but uncertain and untested.
d) Refrain from final prep and filing until the outcome is clarified.
To compound the issue, I have a lender chasing the accounts for mortgage purposes.