asked the Minister for Finance the reason a person carrying on a small business (details supplied) in County Wexford had VAT returns altered in view of the fact that there is no material change in his turnover of business.
Written Answers. - VAT Returns.
444.
I am informed by the Revenue Commissioners that certain VAT-registered persons may estimate their VAT liability in accordance with approved schemes. The taxpayer in question is such a person. A recent examination by the Inspector of Taxes disclosed that the taxpayer has not been correctly applying the scheme of estimation appropriate to his case. The underpayment arising, if any, has yet to be calculated.