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TTDegs · 11th February 2008, 10:26

Vet - this really is a can of worms you have opened here.

If I were you (or your Dad), I would seriously sit down with the Accountant for an hour or two, and find out the best way to dig yourselves out of it

not doing (ie just ignoring it and hoping it will go away) could end up with someone (you or your Dad) with a BIG bill when the VAT man finds out.

And believe me, the VAT man will find out...

Worst case, VAT man decides to make an example of you (ie simply applies the rules that they are totally entitled to apply) and prosecutes you (or your Dad) for tax evasion.
And you really, really don't want to go there...

11th February 2008, 10:26	#14 (permalink)
TTDegs Super Moderator Civinfo master Join Date: 4th August 2006 Location: Cardiff Posts: 5,638 Thanks: 0 Thanked 1 Time in 1 Post iTrader: (0)	Vet - this really is a can of worms you have opened here. If I were you (or your Dad), I would seriously sit down with the Accountant for an hour or two, and find out the best way to dig yourselves out of it not doing (ie just ignoring it and hoping it will go away) could end up with someone (you or your Dad) with a BIG bill when the VAT man finds out. And believe me, the VAT man will find out... Worst case, VAT man decides to make an example of you (ie simply applies the rules that they are totally entitled to apply) and prosecutes you (or your Dad) for tax evasion. And you really, really don't want to go there...