VAT Inspections | What the VATman is looking for?

VAT has become more complex over the years and VAT inspections are on the rise. In the majority of cases, businesses are selected for a VAT inspection by a computerised selection process based on risk criteria including; business turnover, trade class and past compliance history.

However, there are things that a business can do to reduce the chances of a VAT inspection and, if selected, reduce the resource required and the possibility of receiving penalties.

In this one hour seminar, we will cover:

• Why you get a VAT inspection
• How to prepare for a VAT inspection
• The top 10 errors made on VAT returns
• What happens after a VAT inspection
• Top VAT tips for making your tax position more efficient