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all "Can you ask your customer to pay for your VAT error?"
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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
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
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
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
Your bookkeeper has found a batch of purchase invoices on which VAT hasn’t been reclaimed. They date back a few years and you think that it may be too late to reclaim the VAT. What is and isn’t
allowed?
Published 22.06.2020
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
Working with the different invoicing systems used by your suppliers can be awkward. It might also mean waiting longer than necessary to reclaim VAT on your purchases. How can self-billing improve the
position?
Published 02.11.2020
HMRC’s new penalty system for late VAT returns and payments will take effect from January 2023. What do you need to know about the new rules?
Published 14.11.2022
A VAT expert recently reported that most businesses under-claim VAT each quarter, often by between 20% and 30% of the amount they are entitled to recover. If your company is one of these, how can you
fix the problem?
Published 18.03.2011
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