Member Since: 2nd Sep 2016
Keeper of books
27th Jan 2020
“ With the self assessment deadline looming, figures released from HMRC last Friday shows that three million tax returns still need to be filed.
HMRC started 2020 with five million tax returns still outstanding. Although two million have since been filed, that still leaves a considerable amount of returns for accountants to shovel in the last remaining days of January.”
Say what you want about HMRC but that is impeccable maths.
20th Feb 2019
Is this really an issue? If it were then wouldn’t an inspector be knocking on door of every food outlet in the country as we speak?
I think the very fact these errors do happen is because owners know HMRC can’t expect them to micromanage the till operator and get every sale 100% perfect for VAT - for the very reasons you listed.
I wouldn’t be worried, but then again I’m not an owner of such a business!