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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
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
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
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
HMRC’s VAT return portal closes soon. Businesses not using Making Tax Digital for VAT (MTDfV) by then won’t be able to submit their returns and so risk penalties. What’s the full story?
Published 19.10.2022
You’ve prepared your VAT return using the figures from your computer reports. Then you discover that it hasn’t picked up all the input tax for the period. What should you do?
Published 19.07.2007
During a routine visit the Taxman suggested using the annual accounting scheme to reduce your VAT admin. This sounds like a good idea, but there can be further benefits to the scheme. How can you
take advantage?
Published 25.10.2012
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