Please can I have some advice!
I have just discovered that I should have filed for VAT registration back in Nov 2018 and so I want to contact HMRC as soon as possible to inform them and pay any VAT due via the VAT return etc. However, my question is, as we own a small construction company, it is mainly receipts from B&Q, Wickes etc that we have purchases from and so to backdate all of these receipts would be EXTREMELY time consuming and tedious.
There are 100s of receipts relating to last FY (and this FY) that I would now need to go through to correctly apportion which ones charged 20% VAT, 5% or 0% respectively.
Does anyone know of a simpler way of backdating all our receipts? I would like to be as accurate as possible so HMRC have the correct figure but I am aware that there are a LOT of receipts and so am not sure if this is even necessary? I know as accountants we cant always get everything 100% but as I said I would like to be as accurate as we can.
Thanks in advance for your help!