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Posted 15 days ago by Mt1234
My account has not done a vat return when I set up my subcontracting business. He said I would need it. I don't earn over £85000 and now have fines up to £3700 but don't pay VAT. Is there away of getting rid of these fines if I close my vat account or any other way
Posted 11 days ago by HMRC Admin 8 Response
Hi,
The current threshold for VAT is £90K and so I am assuming that you have registered for VAT voluntarily.
As you are now VAT registered there is an obligation to account for VAT from your date of Registration and submit any returns that we have produced.
If you have not sent in any VAT returns then we would have sent out assessments to you but these will be withdrawn once we receive your returns.
If you need help with your account or submitting tour VAT returns then please contact our Helpline:
VAT: general enquiries
If you are trading under the VAT registration threshold then you can choose to deregister from VAT but you can't do this retrospectively.
Please see below:
You’re registered because you make taxable supplies in the UK
Thank you.

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