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The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Incorrect VAT last quarter
Post Info TOPIC: Incorrect VAT last quarter
Amanda


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Incorrect VAT last quarter
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Hi everyone,
I am new to this forum and I am already finding it very useful.

I started up my own bookkeeping business a few months ago and it is going really well.  My question is I did a clients VAT return the last quarter (submitted it Jan 08 and I have just realised that their was an error on it of £900 underpaid.  Now I know that you can have adjustments up to £2000 on the quarter without the need for a different form, but do you just add the adjustment in box 5 because box 1 & 3 won't read right or do I just put a covering letter with it to say.

Any help would be greatly appreciated as need to give him back his VAT form asap so he can pay online.

Must say hopefully won't have this problem again as he will be on a Quickbooks the next quarter.

Many thanks
Amanda

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Amanda
robbiew


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Posts: 62
Date:
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Hi Amanda,

You are right, you just include the error on the next VAT return..no need to inform anyone. VAT Booklet 700/45 paragraph 2.1 on the HMRC website will give you the precise answer.

Regards

Rob

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Amanda


Expert

Status: Offline
Posts: 1991
Date:
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Hi,

Thanks for the info I have been on the website and now have the correct figures in the correct boxes.

Many thanks
Amanda

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Amanda
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