Across the UK more than 200,000 firms submit their return late, leading to huge amounts of uncertainty.
‘Customs will be contacting local businesses to offer assistance, especially those with late or missing paperwork, either by telephone or knocking on doors to speak to people directly about their VAT returns,’ said Ian Wade, Customs and Excise senior business manager.
‘We provide lots of help and advice to business folk who find VAT confusing. It’s always better to send the return in and talk to Customs about payment problems, rather than not send the return at all.’
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states