Reporting VAT Errors


If you find that you have made a mistake on a previous VAT return you may need to tell H M Revenue & Customs (HMRC) or adjust the next return.

HMRC has found that many of the mistakes reported to their Error Correction Team could have been corrected by the taxpayer. As there is currently a six to eight week delay in processing corrections, HMRC are advising taxpayers to correct the mistake themselves if at all possible.

HMRC have issued guidance on what to do if it is discovered that a mistake has been made.

If you would like any help in this area please do get in touch.

Link

Updated 28/09/10

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Registered to carry on audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England & Wales.

Clive Owen & Co LLP is a Limited Liability Partnership, registered in England & Wales with registration number OC312218

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