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Vat

Vat

Hi the question is my company has a vat penalty suspension for about £400 for one year, after that ends what is the likelihood of HMRC wanting to revisit?

Many thanks for help

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By pacta
22nd Feb 2016 18:51

Calculation

By my calculations there's a 61.3641% chance that HMRC will want to revisit within 1 year.

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22nd Feb 2016 20:55

... or even less!

I would be very surprised if HMRC want to visit for a £400 penalty. More likely they will write to the taxpayer asking if he/she has fulfilled the conditions. Presumably the answer will be 'yes.'

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