HM Revenue & Customs should offer compensation to those businesses stuck on a VAT waiting list, the ICAEW has recommended.
The institute made the recommendation in a paper to HMRC suggesting how to resolve the 3-month backlog.
ICAEW demands compensation for VAT backlog
Recommendation made in a paper to HM Revenue & Customs
Accountancy Age, 16 Aug 2007
Advertisement
The ICAEW also wants a parliamentary inquiry into why the delays in obtaining a VAT number, which apply to online and paper registrants, are getting worse.
The ICAEW said in a statement: 'We are concerned that the continuing delays have damaged HMRC’s reputation and will act to discourage good tax compliance from taxpayers.'
Further reading:
Tags:
Also read
White papers
Most read
- Debenham's shoppers to wait for VAT cut
- ASDA front runner to buy Woolworths
- Orchid lenders send in PwC restructuring experts
- KPMG chief comments on impact of harsh trading climate
- Ex-KPMG defendants walk away from tax-shelter case
- London Scottish Bank collapses
- Advisers inundate Sage over VAT change
- Financial Director Web Seminar - Future shock: Creating the ‘no surprises’ enterprise
- Johnson takes CFO post at Fannie Mae
- City talent could move on over tax hike
Most commented
- E&Y women told what not to wear
- Lewis Hamilton to remain Swiss tax exile
- Roadmap imminent as Cox mounts charge towards IFRS
- Lewis Hamilton stays in Swiss exile
- Obama: asset or liability?
- Intelligent technology: the next big thing
- Plug pulled on SMEs' electricity supplier
- Banks may need more taxpayers’ money
- More than one in four big companies 'dodge' tax
- New accounting rule pushes Deutsche Bank into profit
Special Reports
- How To guides
- Management Consultancy Top 75
- Best Practice regional focus
- Credit crunch special: guiding business through the storm
- PwC 10-year anniversary special report
- The Top 50 2008: Special report
- Tax exodus - a special report
- Practice careers guide: big versus small
- The credit crunch and fair value - a special report
- Budget 2008 special report
Latest
- Debenham's shoppers to wait for VAT cut
- ASDA front runner to buy Woolworths
- Orchid lenders send in PwC restructuring experts
- KPMG chief comments on impact of harsh trading climate
- Ex-KPMG defendants walk away from tax-shelter case
- London Scottish Bank collapses
- Advisers inundate Sage over VAT change
- Johnson takes CFO post at Fannie Mae
- City talent could move on over tax hike
- Lenders to stay stingy for another year, warn CFOs
Spotlight
Profile: Andrew Higginson, CEO of Tesco Personal Finance
He’s spent more than a decade at the top of...
Top 30 Accounting Networks and Associations 2008
The race to become the biggest firm on the planet...
Find your next job
Advertisement
Search white papers
- Accounting and Finance
- Budgeting
- Business Intelligence Solutions
- Business Process Management (BPM)
- Business Process Outsourcing
- Financial Planning and Analysis
- Compliance Management/ Sarbanes-Oxley Compliance
- Enterprise Accounting Solutions
- Enterprise Financial Management Solutions
- Expense Management
- Payroll and Personnel Accounting
- Tax Preparation and Reporting
- More
Advertisement
Advertisements
Advertisement
Secondary navigation
Comments
Have your say on this article