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Tax / Vat : HELP

(8 Posts)
Kimm2013 Wed 21-Aug-13 22:06:42

I have my own business, it's been 6 years. And need advice about vat and tax. Someone has reported me and now a investigation has began. It's extremely stressful . I believe it's a family member.

I was very ill during 2 of the years and paper work was not up to date. Goods were purchased on my name card, which I have no knowledge off? Please any advise?

Kimm2013 Wed 21-Aug-13 22:47:47

Also, anyone, where would I get expert independent advise from??? Anyone please.

riksti Thu 22-Aug-13 07:13:58

A good local accountant is probably your best bet.

Punkatheart Thu 22-Aug-13 14:37:00

No one here could give you impartial advice based on such a small amount of information. There is no short cut - you need to ask a small accountant, or the Money Advisory people, or go to a Citizen's advice bureau.

The legal part with the card needs to be also addressed - but this is for a solicitor.

Kimm2013 Thu 22-Aug-13 19:35:12

Thankyou smile

Sconset Thu 22-Aug-13 20:20:01

They could fine you for the late/non-payment s from those years- depends how they're feeling really.
You need a good accountant to advise properly about your actual situation.

What's your turnover? Are you in danger of having the VAT come down on you too?

Lonecatwithkitten Sat 24-Aug-13 13:49:17

Have you filled in any tax returns? Were you registered self employed? Again was turnover above Vat threshold?
I agree you need an accountant who is experience with small business tax investigations.
I am afraid whilst being ill is unfortunate as far as HMRC are concerned it is no defence.

Talkinpeace Tue 27-Aug-13 22:32:49

Hi there OP
To start with, bring yourself up to speed with the rules by thoroughly reading through the page I wrote for ebayers
and then post a thread over on the UK Business Forums
as there are some really helpful and professional people on there

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