Changing VAT period

Changing VAT period

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Hi all,

I'm going to change my clients VAT period to tie in with their year end. I understand this can be done online and intend to do this today.

My query is that their last submitted VAT return covered Dec-Feb. If I change the period dates to March, June, Sept and Dec, then will HMRC issue a 1 month period to March, or a 4 month period to June?

Also how long does it take to receive confirmation from HMRC regarding the change in VAT periods?

Replies (11)

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By shaun king
15th Apr 2015 09:42

To June

The March returns have been "sent out" so the next return will be 4 months to June 2015.

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By Accounting-rookie
15th Apr 2015 10:11

That's great,

Thanks for your reply!

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RLI
By lionofludesch
15th Apr 2015 10:49

Engineer

You can engineer a long or short period if you time your application correctly.

Thanks (1)
Replying to LookingForHelp:
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By Accounting-rookie
15th Apr 2015 11:00

Thanks

lionofludesch wrote:

You can engineer a long or short period if you time your application correctly.

 

Thanks, will consider this in future cases :D

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By yogita
06th Apr 2017 11:07

I would like to change VAT period but I cannot see the Option where I can change the VAT period dates to March, June, Sept and Dec.

I would be very thankful if you advise on the same.

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Replying to yogita:
RLI
By lionofludesch
07th Apr 2017 11:25

In a menu behind Change Registration Details.

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By yogita
10th Apr 2017 08:43

Thank you so much.

I got the Option Change of VAT Frequency where I have changed the VAT Period.

Thanks you

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Replying to yogita:
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By lionofludesch
11th Apr 2017 10:17

You're very welcome.

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By Robert Hobbs
26th Jun 2017 14:53

Following on from this, I attempted to change quarter date from April to March during March but missed the cut off date, so was given a new period of June. Checked with VAT helpline same day and was told that as April return was in system, I would have to file a 5 Month return instead to 30 June and there would be no March or April return.
Today I received a VAT assessment saying I had missed the April quarter and was in default, so first default and no surcharge (but next one if applicable would be second default).
Would a 5 month period have been expected in these circumstances or has there been a change of policy at HMRC so that 5 months will just mean 3 and 2 so that VAT collection is never longer than a quarter.
I will be appealing but wondered if this was normal?

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Replying to Robert Hobbs:
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By lionofludesch
27th Jun 2017 15:03

Robert Hobbs wrote:

Following on from this, I attempted to change quarter date from April to March during March but missed the cut off date, so was given a new period of June. Checked with VAT helpline same day and was told that as April return was in system, I would have to file a 5 Month return instead to 30 June and there would be no March or April return.

That was rubbish advice. If the April return was already in the system it would stand.

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Replying to lionofludesch:
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By Robert Hobbs
27th Jun 2017 15:26

Many thanks, seems obvious now of course but at the time there was no April return in my online account and therefore being advised to file a 5 month return seemed plausible. It does seem ridiculous that HMRC are planning a state of the art MTD system when they have a VAT accounting system that fixes a return date 2 months before it is due to be filed and that cannot be revised to a shorter or longer period.

Good job HMRC record their helpline calls, maybe I should start doing so also.

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