Online Form WT2 For Claiming a Reasonable Excuse For a Late VAT Return
HMRC have updated their online form WT2 for a business that wants to claim a reasonable excuse to contest a VAT surcharge following submitting a VAT return late. A reasonable excuse might, in certain circumstances, excuse a tax penalty or surcharge. But it all depends on the facts and the VAT Act 1994 s.71 specifically excludes insufficient funds or reliance on another.
Tax Barrister, Accountant