- This topic has 1 reply, 2 voices, and was last updated 7 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
How to undertake a VAT or sales tax audit?
Will it be adequate to review the quarterly VAT returns only or some sampling will be required on input and output tax invoices?If you mean a compliance audit of tax undertaken by a tax authority, you are asking in the wrong forum – though I don’t know if this examinable in TX (F6).
If you mean in the audit of financial statements, it would come down to materiality. In principle, tax liabilities, whether for PAYE/NIC, VAT or corporation tax will be audited as for any other liabilities. However, apart from payroll deductions, these are not even touched on in the AA syllabus.
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.