- The need to collate annual account figures to those in VAT returns.
- Sale or purchase of goods from third parties.
- Check the credibility of the statistics you submit and the type of business to average VAT rates.
- Businesses operating in a high-risk sector
- HMRC could act on a tipoff on questionable operations in a company.
- A new VAT claim where there was none before will always spook them.
- Increase in VAT claims or a shift of VAT repayment
- A bad compliance record of VAT
Source: europeanbusinessreview.com
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