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RICHARD CURTIS considers the Tax Faculty's memorandum on the continuing delays in the VAT registration process
KEY POINTS
- What is the Tax Faculty's TaxRep 53/07 saying?
- What factors have caused the delay in VAT registrations?
- What recommendations are the Tax Faculty making to try to resolve the problems?
- Is there light at the end of the tunnel?
One does wonder about HMRC's relationship with its 'customers' and the latest 'tax representation' from the ICAEW's Tax Faculty — TaxRep 53/07 — Delays in registering business for VAT probably goes to the heart of that relationship.
By any measure the document should make HMRC understand why the use of the 'c' word produces such an adverse reaction in many accountants and tax advisers.
What does TaxRep 53/07 say?
The memorandum starts by noting: 'There is mounting public concern about the delays occurring to VAT registrations and the impact it is having on UK businesses.
'Government ...
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