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Reclaiming VAT for a prior period

What is the procedure?

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The client's business is conversion of agricultural barns to residential property. The sale proceeds are "lumpy" because there is only the capacity to do one conversion at a time, and conversion takes maybe a year. The client omitted to claim £1,800 of input tax in a prior period. I remember reading some years ago about how transactions reported in a quarter's return should only be transactions of that quarter, and that there is a procedure for making a separate declaration, but I can't now find the instructions for this.

Can anyone point me in the right direction?

Replies (6)

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Psycho
By Wilson Philips
05th Mar 2020 09:24

If it's less than £10k, which £1,800 undoubtedly is, just bung it into the next VAT return.

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Replying to Wilson Philips:
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By b.clarke
05th Mar 2020 11:52

Many thanks to all who responded. I have now found my way to this page. https://www.gov.uk/vat-corrections

I'm not sure I would recommend "just" bunging it into the next return. The situation needs to be documented first, to show that the adjustment meets the conditions spelled out there. Just in case ......

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Replying to b.clarke:
RLI
By lionofludesch
05th Mar 2020 12:02

Thanks for your advice.

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RLI
By lionofludesch
05th Mar 2020 09:34

Stick it in box 4 next time.

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By WhichTyler
05th Mar 2020 09:38

And for future reference VAT652 is the process for correcting larger errors

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By Wanderer
05th Mar 2020 09:39

Separate declaration is VAT652 but unlikely to be necessary in this case.

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