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Half of small businesses make VAT return errors

Half of small businesses say they have made mistakes when sending in their VAT return and only a quarter are confident they have the figures correct despite spending more than an hour checking.

Half of small businesses make VAT return errors
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  • Shared by Accountancy Daily
  • August 07, 2019
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With the first deadline for online filing under Making Tax Digital for VAT falling this month, software specialist Intuit QuickBooks surveyed 500 UK small business owners in July and found they spend an average of 86 minutes checking their figures before sending their VAT return to HMRC.

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