VAT appeals

According to new analysis, half of the automatic penalties issued against businesses for late filing of VAT are incorrect, and HMRC’s more aggressive stance on fines is in danger of creating a ‘breakdown of trust’.The analysis 49% of the 17,200 automatic penalties HMRC issued for the late filing of VAT in 2013 were overturned when taxpayers requested a review say Harris & Co accountants Northampton.