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Aleksandra


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A couple of VAT questions...
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Hi,

I have a couple of questions regarding VAT and I would be very grateful if you guys helped me...

1.What is the method of correcting a following error - services from EU which are subject to 'reverse charge' were submitted as goods acquisitions on a VAT return (transactions worth no more than £500) ?

2.If you claim mileage allowance but do not want to claim a VAT element on those, do records from the mileage log still go into VAT return?

Thank you



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Aleksandra


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Anyone, please?

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Bucks Bodger


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Aleksandra

I'm afraid I don't have any knowledge of reverse charges so I can't help there.

I always enter mileage allowances as Zero rated VAT, therefore the net cost
does go on the VAT return, although there's obviously no VAT applicable.....

Eunice

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Eunice Cubbage
Aleksandra


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Eunice, thank you very much for your reply. Yes, I enter mileage as zero rated as well.

Does anyone have any experience with correcting those sort of VAT return errors?



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Anderson Accountancy


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Sorry, can't help with the reverse charge part of your question but mileage is as Eunice says.

Correcting VAT returns is simple; download form VAT652 and just tell them which boxes need changing and send it to Liverpool.

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David P Anderson AFA, FFTA

Anderson Accountancy

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