Did you know that as a manager of a company, the liability of registering late for VAT can be yours?
Find out more by reading our latest article below.
A recent case before the tax tribunal saw the liability for a late VAT registration penalty being passed on to a manager of the company. HMRC have the power to impose such a penalty on an individual where:
1. There is a penalty payable by the company for a deliberate failure
2. The individual on whom HMRC seek to impose liability is an “officer” of the company
3. The deliberate failure is attributable to that officer
Get in touch with us, and don't let it be you! Our team of tax experts can offer business advice and help you maximise your tax efficiency. Contact us today on 0115 964 8888 or email firstname.lastname@example.org.
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