HMRC may carry out a VAT inspection to make sure that you are paying the correct amount of VAT. This can trigger a VAT Investigation. https://www.kinsellatax.co.uk/vat-investigation-advice-and-services/vat-investigation/
VAT inspections may be random but also occur due to information received which may indicate there is something wrong with your VAT records, instigating a full enquiry from an inspector from HMRC. You might also face a Value Added Tax inspection if a company associated with you is under Investigation and has been found to have irregularities in their records or tax returns. HMRC may send you their VAT queries in writing or in the form of a short questionnaire instead.
We can tell you why you were selected for an inspection, what to expect when a VAT inspector calls and what HMTC are looking out for. In many cases, they simply want to take a look at your books in order to carry out a check to see that you are paying the right amount of VAT. You may be newly incorporated and they are simply checking that you are calculating everything correctly. It may, however, be something altogether more sinister – whatever the query call us and we can offer you free no obligation advice and what to do and how to proceed. Needless to say you always need to be on high alert when dealing with HMRC and never try and deal with these enquiries on your own. We are here to help!
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