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The client from hell

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22 June 2006 / Neil Warren

Issue: 4063 / Categories: Comment & Analysis , HMRC powers , VAT

NEIL WARREN considers the VAT problems of working with a non-compliant client.

IT IS THE moment that every accountant dreads: you are excited at the prospect of working with a friendly new client who appears to be running a lucrative and well-organised business. But then suddenly it hits you with the force of a Steven Gerrard volley — you are dealing with the client from hell!

In this article I will consider the VAT issues of dealing with such a client the problems he can cause the reaction of HMRC and the approach that advisers can adopt to help the situation.

Outstanding VAT returns

The basic way to comply with HMRC rules as far as VAT is concerned is simple: pay the right tax at the right time. If that philosophy is carried through on a consistent basis in the current climate it is possible that a business (particularly small businesses in a low risk trade...

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The client from hell

© Copyright LexisNexis 2024. All rights reserved.

22 June 2006 / Neil Warren

NEIL WARREN considers the VAT problems of working with a non-compliant client.

IT IS THE moment that every accountant dreads: you are excited at the prospect of working with a friendly new client who appears to be running a lucrative and well-organised business. But then suddenly it hits you with the force of a Steven Gerrard volley — you are dealing with the client from hell!

In this article I will consider the VAT issues of dealing with such a client the problems he can cause the reaction of HMRC and the approach that advisers can adopt to help the situation.

Outstanding VAT returns

The basic way to comply with HMRC rules as far as VAT is concerned is simple: pay the right tax at the right time. If that philosophy is carried through on a consistent basis in the current climate it is possible that a business (particularly small businesses in a low risk trade...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Subscribe Now...

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.

Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

Issue:

4063

Categories: Comment & Analysis [1] , HMRC powers [2] , VAT [3]

SourceURL:

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