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Correcting errors on your VAT returns

21/06/2018 10:21:45
You can make adjustments to your current VAT account to correct errors on past VAT returns if they’re:

  • below the reporting threshold

  • not deliberate

  • for an accounting period that ended less than 4 years ago

  • For further information on this, follow the link below to view our online guidance.

    VAT corrections

    Any errors that don’t meet the above criteria must be reported to HMRC, you can find further guidance on this here .
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    Correcting errors on your VAT returns

    30/07/2018 14:25:14
    Interesting
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    Correcting errors on your VAT returns

    31/07/2018 14:36:21
    Hi, I just discovered that I overstated VAT in my last return by £1,100. I thought I could correct this in my next return since the error is below the £10K reportable threshold. However I've also read that the error cannot exceed 1% of the turnover for the quarter in the return (in which case my error would represent about 3%).
    Does this mean that in fact I have to report the error, and if so, which form(s) would I use for this?

    Thanks
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    Re:Correcting errors on your VAT returns

    31/07/2018 14:40:13
    Hi

    That is only for errors in between £10,000 and £50,000 if the error is less than £10,000 then you have the option.

    Hope that helps.
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    Correcting errors on your VAT returns

    01/08/2018 05:52:13
    Hi, do you mean I have the option just correct the error by putting the amount in Box 4 of my next return and that's it? No additional need to report it separately to HMRC?
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    Re:Correcting errors on your VAT returns

    01/08/2018 11:21:32
    Hi
    You would keep a record of the amendment and follow the instructions in VAT Corrections

    This message was edited 1 time. Last update was at 07/08/2018 10:11:20

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    Correcting errors on your VAT returns

    01/11/2018 09:39:45
    The instructions on the return say that for FRS then Box 4 should be 0. I am on FRS so can I still use Box 4 under the normal rules to claim back overpaid VAT (in this case around £100).
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    Re:Correcting errors on your VAT returns

    01/11/2018 15:48:20
    Hi,

    Thanks for your question.

    If you overpaid VAT on a previous return, it would have been in Box 1 of your return, so please deduct the amount from Box 1 on your next return.

    I hope this helps.

    Reply