HMRC recently apologised for delays issuing VAT registration numbers due to a high volume of applications. But the tax department also called on business owners and agents to reduce the number of errors on applications, which has slowed up the process.
What can be done to reduce these errors and what should a business do if its VAT number hasn’t arrived in time?
It has been a long time since I completed a VAT1 application online, so I decided to do a dummy run with an imaginary company. Needless, to say, I didn’t press the final send button.
The system is very efficient compared to the paper process. When reviewing paper applications for accountants, I have noticed how easy it is to either tick the wrong box or not answer an important question.
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