VAT Spot Check

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT member discussion
A client has received a spot check from HM Revenue and Customs who have taken away his Z Reports for checking. What are they looking for? Anyone had any experience of this? (NB He is on annual accounting so they haven't got any turnover figures to check against!)

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:VAT Spot Check

    What do they do? I presume it must be retail of some sort.

    Claudia
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:VAT Spot Check

    A pub and restaurant!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:VAT Spot Check

    VAT-man hate pubs - is quite convinced that only every other pint goes through the till!!!!

    They will probably, having checked the Z-reading, ask about ullage (wastage in the bottom of the beer barrels), then check the quantity of beer purchased, and then see if anything is missing from the tills.

    Sorry - I think that I have made that sound really complicated.


    Basic formula - barrel less ullage = number of pints available for sale against number of pints actually sold. The two should be reasonably similar!

    Claudia
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:VAT Spot Check

    That makes sense. Thanks for your help. I will wait for the next instalment from my client.

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