£10,000 VAT Errors

Businesses have long been allowed to correct net errors not exceeding £2,000 in their VAT returns. From the first new VAT period commencing on or after 1 July 2008, HMRC have raised the previous limit of £2,000 to a minimum figure of £10,000.

Errors of more than £10,000 can also be put right on the return for businesses whose turnover for VAT purposes exceeds £1 million.

HMRC are in the process of updating their website to reflect this change.

Please do get in touch if you have any concerns in this area.

If you would like to find out more or have any questions, we will be delighted to offer any help or advice. Please contact Peter Hogan at Darlington, Nicola Bellerby at Durham or Terry Doyle at York.

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