VAT Scam

john faraday

John Faraday impartial advice avoids VAT scam?

You must be aware that there are consequences to becoming involved in a set of transactions connected with a Value Added Tax (VAT) fraud – scam, even if the transactions in which you are involved are not themselves unlawful.

You should be aware that you could:

  • lose your entitlement to reclaim VAT
  • Become liable for Irish VAT on previously zero-rated intra-Community supplies where the related transactions are connected with fraud.

Further guidance contains more detailed information on how to protect your business from VAT fraud.

What is tax evasion?

VAT fraud is a type of tax evasion. It happens when a business doesn’t charge VAT when they should, or charges you VAT but doesn’t pay it to HMRC.

They might: ask you to pay cash to avoid paying VAT on a sale or job.

Can you claim VAT if you are not registered?

Businesses that aren’t registered for VAT. If your business isn’t registered for VAT, then you don’t have to charge VAT to your customers – but you also can‘t claim any VAT back. … Mum is not registered for VAT either, because she’s an individual and only business can register for VAT

Follow all rules and if unsure contact https://www.gov.uk/report-vat-fraud for free help and avice.

John Faraday send his best wishes and always be safe.

 

Project Briefing

Study case of a project

Team Work

Professional Team members

Customer Support

24/7 Customer Support

Project Briefing

Study case of a project

Team Work

Professional Team members

Customer Support

24/7 Customer Support