VAT -

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I have a client who has over paid sales output tax by approx £9K on the 2010 returns

Sales net of VAT are approx £46K

Am I right in (assuming!) that I can correct this error on the next VAT return without having to complete the 652 VAT form and writing to HMRC VAT Office

Any help and advise would be greatly appreciated

Many thanks

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By Peter Kilvington
28th Apr 2013 15:39

The timing may be an issue

The ability to correct returns over the prior four years came in to full effect on 30 Apr-10.  if your errors are after this date you do not fall into the transitional rules, if the errors are before this date then have a look at

http://www.hmrc.gov.uk/vat/managing/problems/corrections/correct-mistakes.htm

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chips_at_mattersey
By Les Howard
29th Apr 2013 12:01

Use of VAT 652

Having settled the timing issue, the level of the error means that you have to use form VAT 652, if (since it is between £10,000 and £50,000) the value of the errors does not exceed 1% of the Box 6 total. A covering letter is also advisable, to explain the reason for the error.

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