July 5th, 2011

VAT cheats targeted in crackdown

As part of a campaign launched today aimed at VAT rule-breakers, HMRC will be sending letters informing businesses how to register to pay what they owe. The new campaign focuses on individuals and businesses trading above the VAT threshold of £73k turnover but who have not registered for VAT. Anyone who comes forward before 30 September and make full disclosure are likely only to suffer a minimum penalty of 10% of VAT paid late.

Filed under

HMRC

by John Mansley FCA
Director

John manages a wide portfolio of owner managed businesses and oversees the smooth operation of the firm’s payroll department.

After obtaining his degree in mathematics from the University of Liverpool, John joined Jonathan Ford & Co in 2004 and qualified as a chartered accountant four years later. John likes to keep abreast of developments in tax and accounting and is responsible for the mentoring of junior staff.

Outside of work, John enjoys powerlifting and is a Liverpool FC season ticket holder.