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  • manishthanki34

Can I be charged VAT twice ?

Yes, if the person you forgot to report the VAT. to HMRC.

HMRC would be out of pocket and can ask you to pay it because,

in theory, the whole VAT system is built on trust

In 2024, when invoices will have to be uploaded, some people might get caught out.HMRC will match incoming and outgoing VATs by a computer algorithm. This will highlight any VAT gaps.

So, use digital software, like Xero. to avoid errors and penalties in advance.


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