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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
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
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
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
Every three months you have to pay your VAT, but when money is tight this can be difficult. So what tricks could you use that will keep the VAT in your account for longer?
Published 15.01.2009
For this VAT period you have expenses shown on your company credit card statement but no VAT invoices to back them up. If you don’t include them in the return you might be missing out on Input VAT.
So what should you do?
Published 18.01.2007
Under Making Tax Digital for VAT (MTDfV) you won’t be able to submit returns using HMRC’s existing system, known as the portal site. Where does that leave you if you later need to correct a return?
Published 05.02.2019
The penalty system for late VAT returns and payments was updated just over a year ago. But some of the old rules weren’t reformed and can still lead to disproportionate fines. Can you argue against
these?
Published 07.07.2010
HMRC has published new guidance for businesses that used its VAT deferral scheme in 2020. The guidance relates to any additional VAT resulting from changes to your returns. What do you need to know?
Published 10.02.2021
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