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Quicker if businesses correct their own VAT mistakes

20 August 2010

Businesses have been advised by HM Revenue and Customs (HMRC) that it may be quicker if they themselves were to correct errors made in previous VAT returns.

HMRC said that if firms correct the errors, it will ensure the problem is resolved quickly and, if they are due a repayment, they may get it sooner.

HMRC has found that many of the mistakes reported to their Error Correction Team could have been amended and adjusted by the customer.

Currently, there is a six to eight week delay in processing corrections.

Guidance on correcting VAT return mistakes can be found at: http://www.hmrc.gov.uk/vat/managing/problems/corrections/correct-mistakes.htm

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		Home > > Quicker if businesses correct their own VAT mistakes Quicker if businesses correct their own VAT mistakes 20 August 2010 Businesses have been advised by HM Revenue and Customs (HMRC) that it may be quicker if they themselves were to correct errors made in previous VAT returns. HMRC said that if firms correct the errors, it will ensure the problem is resolved quickly and, if they are due a repayment, they may get it sooner. HMRC has found that many of the mistakes reported to their Error Correction Team could have been amended and adjusted by the customer. Currently, there is a six to eight week delay in processing corrections. Guidance on correcting VAT return mistakes can be found at: http://www.hmrc.gov.uk/vat/managing/problems/corrections/correct-mistakes.htm News - VAT 12 December 2011 Online VAT filing changes confirmed 1 December 2011 Final call for VAT registration 29 September 2011 Are your records adequate? HMRC extends Business Record Checks 26 September 2011 Playing politics will not help the economy 9 September 2011 HMRC gives VAT rule breakers registration deadline
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