High risk VAT applications are expected to take as long as 50 days to
process, HM Revenue & Customs has
The taxman is meant to clear complete and low risk applications within two
weeks, but is taking 38 days on average to complete a registration, according to
HMRC blamed the delays on the rise in registrations due to
Managed Service Companies legislation, the need to prevent abuse of the
system, the consolidation of VAT offices and IT problems.
It predicts that some improvement would be visible from the autumn, although
it may be early 2008 before it meets its target.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year