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VAT Direct Debit

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    VAT Direct Debit

    I had set up a direct debit to pay VAT from my Business bank account and the first payment form this came out in September. My VAT was due to be paid start of December and as I had DD setup my accountant just submitted my return. I noticed that after first week of Dec no VAT payment had been taken, I logged into the VAT online portal and reset it up as It looked to have been removed. My payment went through on 19th and I just received a 10% surcharge!! What is going on here?

    #2
    You failed to fulfil the duties of a company director, failed to pay your tax on time and been fined (rightfully) for it.
    merely at clientco for the entertainment

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      #3
      Originally posted by LatteLiberal View Post
      I had set up a direct debit to pay VAT from my Business bank account and the first payment form this came out in September. My VAT was due to be paid start of December and as I had DD setup my accountant just submitted my return. I noticed that after first week of Dec no VAT payment had been taken, I logged into the VAT online portal and reset it up as It looked to have been removed. My payment went through on 19th and I just received a 10% surcharge!! What is going on here?
      This is not un-common. There's something fishy going on with VAT Direct Debits. Phone 'em and give em some. The bank should be able to confirm you hadn't cancelled the DD yourself, so they failed to request it.

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        #4
        Originally posted by bless 'em all View Post
        This is not un-common. There's something fishy going on with VAT Direct Debits. Phone 'em and give em some. The bank should be able to confirm you hadn't cancelled the DD yourself, so they failed to request it.
        Will call them on Monday, no way am I paying the fine I setup the DD and watched the first payment go through. Either my bank or HMRC will be taking care of this.

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          #5
          Originally posted by LatteLiberal View Post
          Will call them on Monday, no way am I paying the fine I setup the DD and watched the first payment go through. Either my bank or HMRC will be taking care of this.
          Yeah, I'm sure they will quickly backtrack on this once you talk to them.

          Wouldn't it be great if it was a level playing field and they had to pay YOU 10% for their mistake (the same as the surcharge they wrongly tried to levy).
          Free advice and opinions - refunds are available if you are not 100% satisfied.

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