Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

HMRC’s new online process for VAT error corrections

14 February 2023 / Neil Warren
Issue: 4876 / Categories: Comment & Analysis , VAT errors , VAT
110689
Computer says ‘yes’

Key points

  • Errors discovered on past VAT returns where the net tax under or overpaid is less than £10 000 can be included on the business’s VAT return.
  • HMRC’s online form for correcting VAT mistakes is straightforward to use.
  • Give HMRC as much information as possible if an error disclosure relates to a large overpayment of tax.
  • HMRC’s system provides a full screen shot of the information entered before making the submission.

Digital is the future. How often have we heard those words? It is obviously true but there are often stumbles and problems on the computerised journey to paradise. Indeed HMRC is likely to acknowledge that statement – many of the department’s ambitious technological projects have been either delayed or aborted for a variety of valid reasons. And as a personal observation I am delighted that the government has delayed the introduction of income tax making tax digital...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
back to top icon