“How did Big G turn £120 into £46,440?”
Dead. Simple. Good old fashioned detective work.
💥 HMRC starts with a VAT return showing VAT from sales at £120
💥 They end up, after tenacious detective work, with a Sales VAT calculation of £46,440.
Check out the full story below:
https://www.accountingweb.co.uk/tax/business-tax/nil-vat-haulier-hit-with-huge-assessment
Love ’em or loathe ’em, sometimes you just have to pat them on the back.
👏🏽👏🏽 Bravo Big G 👏🏽👏🏽
P.S Top HMRC Tip – don’t rely on a random name to blame the error on…. Anyone heard of ‘Henry Lee’? 😂😂😂