Successful outcome for one of our clients!

We recently had a very successful outcome to a VAT investigation for one of our clients.

HMRC were disputing the Flat Rate Percentage applied by our client, for the period May 2012 to December 2015. They calculated that our client owed over £8,000 of VAT, plus interest and penalties! We however were confident that the client had complied with the legislation when selecting the appropriate percentage to use.

Following further correspondence with HMRC they eventually agreed, and the matter was closed with no further VAT being payable by our client. The time spent dealing with the investigation was substantial, however the client had Tax Protection Insurance cover meaning that our fees for dealing with it were paid by the insurance company. The policy fee of £150 net per year for a limited company was certainly worth it in this client’s experience!