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Joined: Dec 2008
Posts: 21,870 Likes: 167
Roadster Guru Member of the Inner Circle
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Roadster Guru Member of the Inner Circle
Joined: Dec 2008
Posts: 21,870 Likes: 167 |
How did they come to overpay their VAT in the first place? I don't know the detail of the case but it is probably underclaimed input tax. A similar situation arose with universities in the 1990's which resulted in a three year cap being introduced after the consultants jumped on the money tree and banged in claims going back twenty odd years. Huge amounts were involved.
DaveW
'05 Red Roadster S1
'16 Yellow (Not the only) Narrow AR GDI Plus 4
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