Dealing with VAT on invoices received after VAT return submitted

Dealing with VAT on invoices received after VAT...

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How should you deal with VAT on purchase invoices that are say dated July, but are received in August after the VAT return for July has been submitted?

Can they go on next month's return or do you have to make a voluntary disclosure?

The issue with a voluntary disclosure is that you are basically admitting an error, when in reality you have submitted your VAT return by the specified date, and it is the supplier who has caused the issue.

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chips_at_mattersey
By Les Howard
21st Aug 2014 13:55

Adjustment

Adjust on a VAT Return, up to the £10,000 limit.

If you use a Voluntary Disclosure, you will explain the circumstances in a covering letter. It IS an error, although clearly not your fault. An underclaim of VAT will not trigger a penalty.

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By WongR
29th Aug 2014 14:25

Just claim it in the next quarter.  You have up to 4 years to reclaim input VAT.  

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Euan's picture
By Euan MacLennan
29th Aug 2014 15:06

Don't submit your VAT return so early in future

AndySimpson wrote:

How should you deal with VAT on purchase invoices that are say dated July, but are received in August after the VAT return for July has been submitted?

You have until 7 September to file your VAT return online for the quarter to 31 July.  If you had left your July VAT return until next week, you could have included the July invoices received in August.

 

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By Samuelg
18th Oct 2018 20:27

What is the tax point (VAT) of traders who sell their goods on credit and receive their payment after 90days.

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Replying to Samuelg:
By Ruddles
18th Oct 2018 21:55

The same as that of a trader that sells goods with 30 (or 22.5) days to pay.

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