When notifying a liability to register, it is often advisable to request HMRC to arrange for the prescribed accounting periods to coincide with the period covered by the annual accounts. The reason for this is that it is far easier to reconcile the returns to the annual accounts if they cover the same period. The form of the reconciliation is discussed at ¶120 and should usually be prepared.

A registered person cannot appeal if HMRC refuse to agree to the returns so coinciding because this matter is omitted from VATA 1994, s. 83.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.