• 16 Aug

    VAT Arrears Repayment Pressure Rises Amongst Prospects

    We have noticed a number of new prospects recently mentioning pressure from the HMRC for the repayment of outstanding VAT arrears as the reason for seeking factoring or invoice discounting. In addition, half of those that mentioned VAT arrears also said that they had received a letter from HMRC advising them of their intention to visit and verify their VAT returns.

    By Glenn Blackman

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