Key points
- HMRC compliance visits seem to be focusing on repayment returns.
- Given that fewer HMRC checks are taking place accountants need to be more proactive about ensuring their clients’ VAT affairs are correct.
- Many mistakes stem from a client’s misunderstanding of a complex VAT rule.
- Extension of making tax digital to voluntary VAT registrations should be delayed to 2026.
My parents both did jobs that are now obsolete superseded by modern technology. I wonder if my old job as a visiting VAT officer for Customs and Excise is going the same way particularly following the recent pandemic. Will all VAT compliance checks now take place from a remote location relying solely on electronic transfers of accounting data and pdf documents by email and occasional telephone or Zoom discussions between a taxpayer and the officer to resolve matters? Is this outcome a wise strategy and what...