Search results
You searched in
Business Advice Directory
all "Correction of errors"
related advice.There are 10 results
Paying for goods/services with the company credit card is pretty run of the mill stuff. However, you might not be claiming all the VAT you are entitled to. What exactly should you be looking out for
when you complete your next VAT return?
Published 09.05.2008
There’s a right way and a wrong way to correct VAT errors. But recent news from HMRC suggests an increasing number of businesses are getting it wrong and paying twice as much as they should be.
What’s going wrong?
Published 29.09.2010
Honest mistakes in your VAT returns are bound to happen, even HMRC acknowledges this. What steps must you take to put them right and what other tax adjustments might you need to consider?
Published 31.03.2017
Even the VATman recognises that bad debts are an inescapable part of business life. But at what stage does he allow you to get the VAT back you’ve already paid on the debt?
Published 11.05.2006
Your new bookkeeper has found a batch of sales invoices, issued a year ago soon after you registered, that didn’t include VAT. Can you now issue an extra invoice to correct the VAT error and how do
you handle the situation with HMRC?
Published 09.03.2021
We often receive queries from subscribers about how to deal with errors made on past VAT returns. How will this be affected by the recent changes to time limits and the penalty regime?
Published 08.05.2009
The direct debit to pay the leasing costs of your company car(s) comes out of your bank account each month. This payment will include VAT at 17.5%. Do you simply put this Input tax on your VAT
return?
Published 26.10.2006
Despite your best efforts mistakes in VAT returns are almost bound to happen from time to time, especially where a large number of transactions are involved. How should you correct them and what are
the consequences of doing so?
Published 05.02.2016
Search all items in entire site