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Late VAT fees - contractor

  • 13-04-2023 1:39pm
    #1
    BewareTheTaxMan
    Registered Users, Registered Users 2 Posts: 1 ✭


    Hi

    Ive being working as a contractor for a few years and started using a limited company a couple of years ago. I recently got a letter from Sherrif office looking for unpaid VAT, along with fees + interest. It was a very large amount and Im somewhat taken aback. I have being somewhat naive up to this point in thinking my accountants would be on top of this. Im using a large accountancy company popular with contractors. It looks like they changed process at some point last year, and I didnt properly read an automated email sent to me asking me to approve a VAT filing. Its my fault ultimately, and an expensive lesson to be on top of these things.

    Im curious if I had gone with a smaller accountancy practise would they of likely picked up the phone and warned me about this? Or would similar things happen regardles?

    Cheers



Comments

  • #2
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,613 Mod ✭✭✭✭Jim2007


    I'm sure any accounting firm would be happy to check up on you and charge you for the service.... It's up to you if you want a cheap service or not.



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