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Re: Coronavirus
Like all things HMRC they’ll work with ratios. If you are within the ratio at the end of your VAT period they’ll consider you to be legit, or close enough to legit, to be unworthy of investigation.
If your costs don’t match the upturn in sales and your end of quarter/year profit similarly don’t reflect this then alarm bells go all over the shop and suddenly your are under scrutiny for the last six tax years that you really don’t want if you are actually dodgy.
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