Anti-fraud measures slowing VAT registration
HMRC trying to prevent carousel fraud and cut costs
According to the paper, the average time taken to process VAT registration
applications is now 38 days, way off HMRC’s 14-day target.
According to accountants Blick
Rothenberg some businesses ‘in extreme cases’ have had to wait up to six
months to be registered for VAT.
‘This is seriously affecting the cash flow of many small to medium-sized
businesses, with what should take a couple of weeks now taking up to 30,’ the
HMRC has not set a deadline for hitting the 14-day target.