New HMRC guidance on error reporting
HMRC has published new guidance to assist taxpayers on how to deal with errors discovered on submitted VAT returns. The catchy title is: Check if you need to report errors in your VAT Return – Check if you need to notify HMRC about errors that are over the threshold on your VAT Return and find out how to report them.
The guidance sets out how to report errors of £10,000 or more (net of all errors). This broadly comes down to using the online service by completing a form VAT652 or adjusting a current VAT return.
Please see our flowchart on error reporting Error Reporting Flowchart
UK VAT Advice Ltd are part of the Haslers Group providing VAT consultancy to a variety of clients locally and nationally and a helpline and consultancy service for professional advisers.
Trusted, high quality, cost effective, proactive and great technical knowledge are all things you can expect from us and much more. If you would like to find out how we aim to work with you and not just for you, then please do get in touch.
Our clients say they value the certainty of our quick response time and technical expertise presented in a plain English (business sense way). Clients know they know they can rely on us to deliver what they need and when we are advising other professionals, to protect their client relationship whilst delivering what their client needs.