HB Accountants

October

Reporting VAT errors

HMRC has found that many of the mistakes reported to their Error Correction Team could have been corrected by the taxpayer. As there is currently a six to eight week delay in processing corrections, HMRC are advising taxpayers to correct the mistake themselves if at all possible.

HMRC have issued guidance on what to do if it is discovered that a mistake has been made.

If you would like any help in this area please do get in touch.

Link: HMRC guidance

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