VAT survey results: VAT concerns are increasing

Our 2018 VAT survey to see how businesses are coping with their VAT obligations found that 47% of respondents are concerned that VAT will pose the biggest risk to their company over the next 12 months, with perceived risk attached to the tax increasing over all.

Worryingly, a further 37% of respondents claimed to be unfamiliar with the impending Making Tax Digital (MTD) regime.

“VAT is becoming more and more of an issue because it is so complicated – and now businesses have Making Tax Digital to deal with as well.” Nick Warner Moore Stephens VAT Partner.

Read our full report to see how well businesses are coping with their VAT obligations in light of MTD and its implications on future returns.


 

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