January 2018

VAT compliance – the taxman is watching

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VAT compliance – the taxman is watching

As experts in taxation investigations, we know from first-hand experience that restaurants and takeaways often come under scrutiny from HM Revenue & Customs (HMRC.)

We have heard of a number of instances where tax inspectors have posed as customers in order to check how cash transactions are dealt with and whether all payments are being correctly declared within VAT returns.

HMRC have wide-ranging powers to investigate tax breaches, with deliberate tax fraud leading to a criminal prosecution.

Of course, only a minority of individuals intentionally set out to defraud HMRC.

However, many restaurant owners find they are under the spotlight, having unwittingly broken HMRC’s tax rules.

At Salhan Accountants, we work extremely hard for clients subjected to a taxation investigation. We not only clarify the issues and the process, but come up with positive solutions too.

For more information about our accountancy and VAT services, please contact us.

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