The audit process: estimation for completion of VAT return: introduction
Detailed instructions concerning estimation of both output and input tax on returns are contained in the VAT Accounting Manual at VATAC2000.
If a scheme of estimation is already being applied, it is to be confirmed that:
- it has been officially authorised
- the trader is still eligible to use the scheme
- the approval on file is still valid.
Most authorisations are given to address a short-term problem only.