Freeman & Co Wins Landmark VAT Break for Client
Following an appeal made by Freeman & Co. to HM Revenue & Customs, our client has claimed a substantial VAT refund which HMRC had previously denied.
Freeman & Co. requested an internal review following HMRC’s original decision and, good news, the internal review carried out by HMRC’s team in Glasgow accepted our argument and overturned the original decision by HMRC’s registration section in Grimsby. This gave our client an extra three months in their chosen VAT scheme, saving a lot of tax in the process.
As you can see from the above, assuming what HMRC tells you is correct is not always a good idea and having a qualified accountant to assist you in the complex world of tax and VAT is important.
If you receive any correspondence from HMRC please always get us to check the content for you. You never know, it could save you thousands!