VAT - 25.10.2007

VATman pays for inconvenience

During a visit the VATman identified a sum of just over £5,000 that he thought had been under-declared. Our subscriber appealed to the VAT Tribunal, and after negotiations, the VATman recognised his own error and the assessment was reduced by £5,000. The subscriber was then able to reclaim their advisor’s professional fees back from the VATman (so the appeal cost them nothing). As a follow-up, the VATman wrote to our subscriber detailing what action he would be taking to correct the situation and finished the letter with the following sentence: “May I take this opportunity of apologising for my error and for the incontinence caused.” Double proof that the VATman makes mistakes!