VAT BOX 6 & 7 errors

VAT BOX 6 & 7 errors

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Due to a new computer system, our last three VAT returns have been incorrect, as Boxes 6 & 7 have only shown UK sales / purchases.

All other boxes have been correct, so the actual VAT paid has been correct and Box 8 agrees to EC Sales List.

Does this have to notified to HMRC as I notice the form VAT652 only relates to actual VAT?

Replies (14)

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By david5541
23rd Apr 2014 13:05

vat652

try and be clearer is there an under or over declaration of VAT?

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By david5541
23rd Apr 2014 13:09

vat 652

if there is no under or overdeclaration of vat there is no vat effect and the tax man will only be interested if there is an ERROR NOT CAPTURED BY vat online filing.

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RLI
By lionofludesch
23rd Apr 2014 13:20

Nobody's going to be bothered by this.

Forget it.

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By david5541
23rd Apr 2014 13:27

box 6 &7

if box 6 is wrong then online filing will alert you since only net (80%) vatable sales should be shown in box 6(i.e.100/20 of vat due in box 3)

this test will tell you if your vat due is correct.

any other error will be a computer system/accounting-reporting error, and other than ec sales hmrc are not interested in output/input reporting errors-just keep a note of your differences/reconciliation should hmrc ask you.

 

if box 7 is wrong which is more likely there is nothing to report provided you claimed back the correct vat.

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By DKB Tiger
23rd Apr 2014 13:58


The last Vat Return should run for the Whole FOUR VAT RETURNS and deduct what has been declared then that last Vat Return will show the correct figures and if you ever did get a HMRC visit or get asked why the difference in your previous returns, you can of couse explain and also point out that you have made the adjustments in the last Vat Return.

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By vatconfusion
24th Apr 2014 09:29

Thank you for your replies.

I apologise for not being clear.

The VAT was calculated correctly and there are no adjustments to be made to this.

The EC sales and intrastat agree with Box 8

The only problem is BOX 6 and 7 which only include UK sales / purchases.

DKB Tiger - could I just check that you are saying I should add in all the missing sales / purchases into my next return? Our returns end Jul Oct Jan Apr so don't follow a calendar year or coincide with year ends so I'm not sure which is the 'last' one.The effective date of registration was 1st June so the last one would end July??

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RLI
By lionofludesch
24th Apr 2014 10:11

Mechanism

I'm not sure that there's a mechanism for - or a requirement to - correct box 6 and 7 via subsequent returns.

The advice on errors only covers the tax itself.

If I was minded to correct the figures because the errors were huge, I might just write a letter to HMRC saying "look, the box 6 and 7 figures should have included boxes 8 and 9 for these periods but they didn't; the correct figures should be ..............." and leave it at that.

If the corrections are big, they'll distort the figures on the return you correct them on.  If the figures are small, well, does it matter ?

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Replying to lionofludesch:
RLI
By lionofludesch
04th Jun 2016 17:59

lionofludesch wrote:

Mechanism

I'm not sure that there's a mechanism for - or a requirement to - correct box 6 and 7 via subsequent returns.

The advice on errors only covers the tax itself.

If I was minded to correct the figures because the errors were huge, I might just write a letter to HMRC saying "look, the box 6 and 7 figures should have included boxes 8 and 9 for these periods but they didn't; the correct figures should be ..............." and leave it at that.

If the corrections are big, they'll distort the figures on the return you correct them on.  If the figures are small, well, does it matter ?

Interesting. I didn't write this.

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By vatconfusion
24th Apr 2014 10:37

Unfortunately the corrections are big. I would feel happier if I did 'something' so I think I'll go with a letter.

Thanks all.

 

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Replying to vatconfusion:
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By Harry Suri
13th Sep 2020 11:15

Hi There

Just came across this thread as have a similar situation of omitted zero rated sales and zero rated purchases in box 6 & 7 respectively for already submitted returns.

Did you send a letter to HMRC to correct the box entries you had? Did they reply to confirm? Any issues?

Thanks in advance

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RLI
By lionofludesch
24th Apr 2014 10:50

I'd probably ...

If they are as big as you imply, I'd do the same.

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Replying to lionofludesch:
RLI
By lionofludesch
04th Jun 2016 18:00

lionofludesch wrote:

I'd probably ...

If they are as big as you imply, I'd do the same.

I didn't write this, either.

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By Mrmarcus
03rd Jun 2016 17:40

I have just realised that I have missed a zero in my box six from a year ago, registering sales as £200k instead of £2m. Havent heard from HMRC since - should I fill out a VAT 652 or leave it and play dumb if they come for a visit (which is likely as it will seem that we have made a huge loss and paid too little VAT).
There was no over/under declaration of VAT.

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Replying to Mrmarcus:
RLI
By lionofludesch
03rd Jun 2016 18:00

Mrmarcus wrote:

I have just realised that I have missed a zero in my box six from a year ago, registering sales as £200k instead of £2m. Havent heard from HMRC since - should I fill out a VAT 652 or leave it and play dumb if they come for a visit (which is likely as it will seem that we have made a huge loss and paid too little VAT).
There was no over/under declaration of VAT.

So what will you put on the VAT652 ?

It only deals with over and under payments.

You either write to the VATmen to ease your conscience or forget it.

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