“VAT risk” demanding money up front.

[Jamiecool]

I’ve had an interesting letter from HMRC today demanding around 10k upfront as security against our vat returns.

Seems a little unfair.

We have only just registered for vat and haven’t even done a return yet!

I’ve put this too accountant but does anyone have experience of this?

[anonymous-user]

What business are you in?

Ant previous vat problems?

[Sheepshanks]

JPJPJP said:

Ant previous vat problems?

...by any of the Directors at a previous business?

[So]

Sounds like this:

https://assets.publishing.service.gov.uk/governmen...

[DSLiverpool]

Did you used to run Babz by any chance?

[Jamiecool]

Thanks guys, I had an old business that went under (not our fault) with a small VAT liability so I suspect that is the reason why Im getting this. Its a real kick in the balls considering we are slowly trying to rebuild things.

I work in the trades, its very frustrating as I know non of our competition will reg for VAT, and taking cash all day long. I try and keep things above board and seem worse off. Its already difficult for us to add VAT for our domestic clients.

[Evolved]

They obviously don’t want to lose out on the money owed to them, again.

Is what it is by the sounds of things.

[Douglas Quaid]

What a knacker kick. Not exactly helpful when you’re trying to get back on your feet.

[caziques]

So said:

Sounds like this:

https://assets.publishing.service.gov.uk/governmen...

Looks like there is some sort of appeal service which could be worthwhile.

[Jamiecool]

caziques said:

Looks like there is some sort of appeal service which could be worthwhile.

Result was I ended up asked to go to a meeting with HMRC, I went, explained my case and they waved the bill!

All good.