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VAT, HMRC, and their employees Moe, Curly and Larry. - Songs of innocence and of experience [entries|archive|friends|userinfo]
Douglas Spencer

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VAT, HMRC, and their employees Moe, Curly and Larry. [Dec. 21st, 2011|04:06 pm]
Douglas Spencer
Letter from the VAT man to me, late September (paraphrased from memory):
    We have determined that you owe us £1,057.00 -- please pay up pronto, melonfarmer, or we'll haul your sorry ass into court.

Early October: *me pays*

Letter from the VAT man to me, mid December (quoted accurately but abridged):
    A routine audit of your VAT account has revealed that there is a credit of £1,057.00 for which, at present, there is no corresponding liabilty.
    Detals of the credit are as follows:
    ELECTRONIC PAYMENT 12/10/11 £1,057.00
    Please check your records and indicate, by ticking the appropriate box which of the following applies to the payment.
    1. I have submitted the remittance in error. Please return the payment. [ ]

There being no boxes to indicate "I submitted the remittance when you demanded the money with menaces you complete twonks", I will tick box one and return the letter.

[User Picture]From: daveon
2011-12-22 12:36 am (UTC)
Heh. I was just extolling their virtues over the local Business and Occupation tax monkeys.

I spent 30 minutes in an exploratory talk with an accountant about it yesterday.

Me: I'm sorry but I don't really understand how to calculate the city portion.
Him: Ah, yes, well you're not meant to. Basically (redacted)
Me: Boggle
Him: Exactly - so we need to work out if you owe A or B and then work out if we want to then work out the square footage of the bedroom we run the company out of... even then, we might be in a new situation where you're under the threshold for the local portion but over the threshold for other taxes...
Me: And about the other taxes?
Him: Oh, yes, these are on gross receipts but charged at 3 different percentage rates depending on the work you do, and then for other services you'll have to add a separate tax to the total because we count that as a sales tax...
Me: But only for stuff in Washington
Him: That's right... except of course...

And so on. Oh, and the taxes are all on gross receipts with no allowable deductions...
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