Summary
HM Revenue and Customs' decision to change the treatment of correcting errors on VAT returns is a missed opportunity to cut red tape for businesses according to tax experts at accountants and business advisers PKF.
Tony Bartle, senior manager at PKF VAT services in Birmingham, has welcomed the changes, which came into effect for businesses with accounting periods on or after July 1.See the full content of this document
Extract
Hmrc Misses Red Tape Chance ; Legal & Finance23
He said: "Under the current rules businesses can corr...
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