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When VAT goes wrong – the ticking time bombs

  • VAT Team shares horror stories of when things went wrong to help clients avoid similar situations
  • HMRC dispute resolved by simplifying core elements and requesting internal review, saving client £2.7m
  • Land transaction review identified potential VAT issues and provided solutions to manage risks
  • New audit client discovered they should have been VAT registered, leading to historic issues being unpicked and corrected

Source: thevatteam.co.uk

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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