VAT -Now I know why I don't like it

Surcharges and payment allocation

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What a frustrating phone call. March 17 and June 17 returns sent in late after company ceased trading but a payment of approx £140 fot both returns sent in mid-June.

Surcharge £30 issued for June return whch had a liability of £9.

Helpline says June not paid and surcharge only £20 but couldn't possibly tell me how they allocated the £140 received. If I write to the Written enquiries team they might be able to give me a ledger breakdown.

Not worth the time costs but what should have happened?

 

Replies (4)

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chips_at_mattersey
By Les Howard
28th Sep 2017 16:23

HMRC allocate to the oldest Return first, unless you specify otherwise.
I am unsure why an early payment for the P06/17 Return could result in a Surcharge! Was there a shortfall? If not, then a short email or letter to HMRC should sort it.

Thanks (1)
Replying to leshoward:
By Marion Hayes
29th Sep 2017 12:09

No shortfall -
march 127.2
june 9.87
mid june payment cleared 137.42
returns then submitted together, in order, both late

Thanks (0)
RLI
By lionofludesch
28th Sep 2017 16:37

All this will be a thing of the past with MTD.

Thanks (1)
Replying to lionofludesch:
By Marion Hayes
29th Sep 2017 12:09

we wish

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