Inbox-1
D812668
Pete-Gage-Band1
FROSTY-MORNING-
White-Horse
Landscape
SBJ
Remebrance-18-1
Torch-2012-05-23093-
Roving-Crows1
4MI-2013-11-28030
Scouting-for-Girls7
MYFC005
Sunset
Inbox2
Gordon-and-Sam
Inquisitive-sheep-in-West-Overton
Brooks-Williams1
Sunset2
George-Wilding-301
Remebrance-18-2
Brazier
Duke-of-Kent086
Snowy-High-Street
BABRURY-XC-JUMP-473
Marlborough-2013-04-18StPeters
Bluebells-in-West-Woods-10-05-09------30
Civic-Service-18
Remebrance-18-3
D4S0472
Ogbourne
1stXV-and-others-with-Mayor
MBORO-HOCKEY-YOUTH-473
Animals06
Christmas-Lights15-11-20097
Hares017cropped
TdB-Pewsey044
Turin-Brakes6
Mop-Fair---10-10-09------08
Musical-Time-Machine5
Camilla-2012-10-19152
Big-Bull
JazzFestSat572
Camilla-MSM
YELLOWHAMMER-473-
D4S9273
Marlborough-under-snow-from-above---Pete-Davies
Silbury-Sunset---10-06-08-----07
Town-Hall-2011-05-0308-
IMG8472
EARLY-MORNING-CANTER-473-
Tina-May5
IMG9097

 

This email address is being protected from spambots. You need JavaScript enabled to view it.

HMRC launches VAT amnesty

A new amnesty campaign targeting businesses trading above the VAT threshold that haven't registered with HM Revenue and Customs has been launched, Marlborough firms are being warned.

Businesses that should have registered for VAT, but have not yet done so, are being urged to come forward and admit their unpaid taxes.

Those who own up will incur a reduced penalty of only 10 percent of the unpaid VAT instead of the normal penalty of up to 100 percent.

Rachel Atkins, of David Owen & Co chartered accountants in Marlborough, explained: “In normal circumstances a business is required to register for VAT if its sales for a 12 month consecutive period exceed the VAT threshold, currently £73,000.

“If you have more than one sole trader business you must include sales from all of the businesses.

“Being VAT registered is often seen as a financial burden, but where your customers are other VAT registered businesses it can help save you money.

“HMRC is currently sending letters to more than 40,000 businesses which, based on information gathered from various sources, it believes to be trading near or over the VAT threshold.

“It has promised that after September 30 it will investigate any businesses that has failed to come forward and will be imposing substantial penalties or even criminal prosecutions.”

For businesses to take advantage of the initiative they must:

a) Register with HM Revenue and Customs, by September 30, their intent to make a disclosure;
b) Inform HM Revenue and Customs of the amount of VAT due and make arrangements to pay it, as well as any penalties due, by December 31

For help and advice with VAT registration and reporting, contact Rachel on 01672 512163 or at This email address is being protected from spambots. You need JavaScript enabled to view it.

Print Email

D4S0472
Inquisitive-sheep-in-West-Overton
Marlborough-2013-04-18StPeters
4MI-2013-11-28030
Brooks-Williams1
Duke-of-Kent086
Remebrance-18-3
D812668
Tina-May5
Christmas-Lights15-11-20097
Roving-Crows1
Town-Hall-2011-05-0308-
Civic-Service-18
IMG8472
Landscape
TdB-Pewsey044
Hares017cropped
George-Wilding-301
Brazier
Ogbourne
White-Horse
Remebrance-18-1
Sunset
Turin-Brakes6
Scouting-for-Girls7
Remebrance-18-2
IMG9097
Big-Bull
Pete-Gage-Band1
Mop-Fair---10-10-09---08
JazzFestSat572
Sunset2
Animals06
SBJ
Marlborough-under-snow-from-above---Pete-Davies
Bluebells-in-West-Woods-10-05-09---30
Camilla-2012-10-19152
Camilla-MSM
Silbury-Sunset---10-06-08---07
Gordon-and-Sam
MYFC005
CivicSelfie1
1stXV-and-others-with-Mayor
Musical-Time-Machine5
Snowy-High-Street
ARKManton-2012-01-1449-
Torch-2012-05-23093-
D4S9273