Quote ="Ferocious Aardvark"It's not that simple. Leaving aside the fact that few companies pay all collected VAT into a separate account to pay over quarterly, even if they did, what if after the event HMRC decree that something was VATable - but you didn't charge VAT?
All you can do is pay, or appeal. And usually you are demanded to pay up anyway, regardless of appeal, on the basis only if your appeal succeeds would you get a refund.
For example, if the value of your service was £100,000. You didn't charge VAT. You think you have £100,000. HMRC decides it was VATable, so you are deemed to have charged £83,333 + VAT, and to owe the VAT man £16,667.
That's OK if you have a spare £16,667 kicking around to pay pending appeal, but a problem if you haven't.
I have no clue what it is, but on the face of it, we must have a case for disputing the assessment, as I can't imagine either missing a basic VAT requirement, nor going to the expense of an appeal if there were not at least strongly arguable reasons. Unless and until we know more, you can't say whether anyone needs to be "held accountable". I don't know who does the Bulls' day to day and VAT/tax accounts.'"
will this get resolved before the winding up order date of 5th September? I wonder if we do go into administration if Bullbuilder or one of the other supporters group would step in and look at taking on the club? Similar to what happened at Rochdale Hornets a few years ago where I donated £20 to become a shareholder but without voting powers.
