Member Since: 22nd Jul 2011
14th Oct 2019
When you say "errors" what do you mean? - are we talking about a fundamental error that has affected prior year P&L, or just a nominal code mis-posting (eg. £9k of costs should have gone to widgets and not wodgets?).
I agree with the other comments that the it sounds as though the new FC is trying to show that they are doing a good job (and if they can find any "errors" then they will be happy to report this to the directors).
4th Oct 2019
Working in industry I always expected a VAT visit every 3 years and a PAYE compliance visit every 4 years or so.
We have had one of each in the last 9 years.
20th Sep 2019
If you have the energy then do them while you are on a roll. You will never regret it.
I agree with the above - whilst you are still in "studying mode"
Your professional and personal commitments may both increase in the future, making studying more difficult.
4th Sep 2019
B Roberts wrote:
Is this necessary? - based on the fact that you cannot physivally buy fuel from a non VAT registered source I would have thought that a VAT receipt isn't necessary.
Funnily HMRC would actually agree with you, for many years you didn't need one, unfortunately the EU cottoned onto this at some point and it was pointed out, via infraction proceedings, that the law said you needed one and merely paying some mileage wasn't acceptable 'alternative evidence'.
The EU won that particular spat and so the Commissioners at the time reluctantly changed their policy and started requiring backup. I do however feel that if similar happened today they wouldn't be so reluctant to change policies seeing as it gives a little hike to the tax take!
Thanks for the info.
I have lost count of the amount of conversations I have had with employees who look at me as though I am mad when I ask them for a receipt!
They then think that they wont be able to claim their mileage (which makes them angry) and then I explain that they will be paid either way, and they look at me as though I am mad again.
I even had a conversation last week with an employee who provided a receipt that more than covered their work related journey, and they thought that we would reclaim the amount of vat on the invoice (which would be illegal apparently ......).
3rd Sep 2019
Wilson Philips wrote:
Yes - a VAT invoice is required to at least cover the amount of VAT being reclaimed.
See paragraph 8.10 of VAT Notice 700/64
That's great; thank you.
22nd Nov 2016
This will clearly not happen - just a headline to keep regular PAYE taxpayers happy.
4th Mar 2016
Assuming that the OP is getting paid for his services ....
bernard michael wrote:
If that is his attitude why bother to act for him. If he isn't going to co-operate.or want to resolve the investigation, disengage and leave him to HMRC
.... then (from a rather mercenary perspective) this will be an interesting case for the OP and from what they have said this will also offer some great experience that may help them in the future.
4th Mar 2016
Some good advice
Interesting to read and good to see a genuine question answered so comprehensively
3rd Mar 2016
From experience, some people like to trade with people from their own country (I once worked for a company that established a base in Scotland and customers actually preferred to deal with a company registered in Scotland "SC" Co. Reg. - I am not sure if it is similar in Ireland / your clients industry?).
As a separate issue, has your client registered for VAT in Ireland ?
25th Feb 2016
Who owns the car and whose private use are we talking about here?
Also, are you saying that the "pool" is just your client and his girlfriend ? (is she connected with the company ? - ie. a director or employee ?).
Trying to say that the keys are kept 1/4 of a mile away (ie a 2 min walk) without mentioning duplicate set of keys is a bit weak.
Does your client keep a log of mileage on this pool car ? - if it does 10,000 miles a year and 9,000 of them are run up by his girlfriend at the weekend then this might give you something to think about.
On the face of it, sounds like your client has been speaking to his mate down the pub etc.