Online VAT filing & HMRC C79s
Hi all!
Firstly happy new year all and all the best for 2012!
To get the ball rolling, my first question of 2012:
If you prepare VAT on cash accounting or otherwise, you can only reclaim input VAT on any imports once a valid HMRC C79 certificate has been produced.
So, say if you were to have nil outputs and nil inputs in a quarter and receive a HMRC C79 certificate for £100 VAT, your input VAT would be £100 in box 4 of the online filing VAT return with nil for output VAT (box 1), nil net outputs (box 6) and nil net inputs (box 7). In this example online filing check on the HMRC website generates a VAT error warning.
This is an extreme example for a case where usually a HMRC C79 certificate results in an input VAT claim in excess of the 20.0% 'maximum check' on the net inputs.
Do others have the same issue or is the outlined treatment above incorrect?
Any feedback is greatly appreciated,
Coeus.
Claim when its paid for
I would claim the VAT in the month that it was paid so that it matches the input that it relates too. I dont think that you HAVE to have the C79 in your hands to claim the VAT back;
http://www.hmrc.gov.uk/manuals/insmanual/INS12705.htm
from HMRC's INS12705 note;
"In the absence of a C79 to evidence payment of VAT, commercial documentation may be accepted to support claims for input tax, provided it provides all the necessary information."
Having already disclosed the purchase in the prior month (I assume) you could submit a VAT return ammendment and then claim on the current one?