VAT voluntary disclosure of error letterIf you discover an error on a VAT return, you will need to correct it. In most cases this can be done simply by amending your next return, but where the error results in an increase in your VAT liability you sh... Read more

Non-audit engagement letterWhen you provide accounting and/or taxation services to clients, best practice dictates that you should issue them with an engagement letter to set out your mutual rights and responsibilities.EngagementThe engagement letter ... Read more

Option to tax letterRenting out land or buildings is usually exempt from VAT. The downside is that you might not be entitled to reclaim VAT paid on your related costs. By "opting to tax" the property the exemption is disapplied and you must charge VAT ... Read more

Request for HMRC VAT internal review letterHMRC operates a VAT internal review system to resolve disputes without the time or expenses involved with a formal appeal. If you wish to use this facility you should apply in writing to HMRC within 30 days ... Read more

IHT gift from surplus income letterThere is an inheritance tax exemption for monetary gifts made out of your surplus income. To demonstrate that a gift has been made out of surplus income you should send a letter with each gift you make. Write a lett... Read more

Letter to HMRC  - problems with online filingIf you've missed the deadline for submitting your VAT return online (or paying your VAT electronically), you might be let off the hook where you can show this was caused by IT problems.Explain whyIf you we... Read more