Most VAT penalties come from a small set of avoidable errors in return preparation.
Wrong treatment of supplies
Mixing up standard-rated, zero-rated and exempt supplies is the most common error. Review each revenue stream and document the reasoning.
Missing or invalid tax invoices
Input VAT can only be recovered with a valid tax invoice. Check supplier TRNs and invoice details before claiming.
Reverse charge and imports
Imports and some services from overseas suppliers require reverse charge accounting. These are easy to miss without a clear process.
Key takeaways
- Reconcile VAT to the ledger before filing
- Verify supplier TRNs
- Review reverse charge items every period
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