12th August 2010, 05:41 PM
BAJR Wrote:ALways Always keep your nose clean, get advice, talk to the VAT and the Tax office... discuss what you do... and you will have no worries.
The basic premise is to get advice and not be scared to talk to them. Hide nothing, as one day... you may regret it.
Simples!
Very good advice...an associate of mine had a VAT inspection team knock on his door...for the sake of a few quid, it really isn't worth risking because if they have a suspicion of malpractice, they'll find it and then be all over you like a ton of bricks.
And if you screw up your return and pay too much, they do send it back to you! My accountant failed to point out I could claim 1% in my first year, and the VAT office sent me the excess I had paid at the end of the year without me having to ask!
Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, Merlot in one hand, Cigar in the other; body thoroughly used up, totally worn out, and screaming "WOO HOO, what a ride!