vat deferall on purchases

[Stephen Blair]

i got one the minute i went vat reg, i thought it was standard, but i was claiming about 8k worth of vat assets back straight away, but they were great..just handed them my accounts and receipts..the wee ones they didnt even bother about ie. saws and stuff, it was just previous vans and jeep and chipper. but they found stuff i had missed and put the money straight into my bank

[Mark Bolam]

Opposite here.

 

I was inspected years ago, and they picked up on stuff like VAT on chewing gum I had bunged on the card whilst buying £75 DERV. And demanded the VAT back which I had reclaimed on the Wrigleys!

 

Must have taken some minion ages to sift through my boxes of paperwork then present me with a bill for £54.

 

Why don't they pick on MP's or bankers instead? Or pikeys? They buy and sell a lot of kit.

 

Scum of the earth IMO.

[Justme]

Easiest way for him to minimise his cash flow problem is to buy & pay for the item on the last day of the quarter. Then file your Vat return online the next day. The refund will be in the bank in 3 - 7 days (well mine always are anyway).

 

Oh & if you want a few days extra to pay the VAT then file online & you get an extra 7 days to pay up.

 

Justme

[Stephen Blair]

thing is he wants the tractor now, and he doesnt get it until he pays me...unfortunately for him his quarter is 2 months away..but if he will just have to go skint for a few months, thats what i had to do..but he is a sound guy and will find a way