HMRC is to launch a new campaign targeting businesses with one or more outstanding VAT returns.

The campaign will start on 28 February 2013. HMRC have stated that they will be looking closely at the VAT affairs of such businesses, which could involve a VAT inspection being triggered. 

Where outstanding VAT returns are submitted before 28 February 2013, it may be possible to agree better terms with HMRC in respect of penalties, time to pay arrangements etc.

Businesses should therefore ensure that all outstanding VAT returns and payments are brought up-to-date as soon as possible.

Please contact us if you require further information.