On going through the VAT return, I've realised that 3 invoices have been posted to Sage and included in the last quarters VAT return (nearly £10k in VAT), that shouldn't have been posted until the next quarter. I was told the company was operating on a invoice system rather than a cash system, but apparently it's cash. The last VAT return has been reconciled. Is there anyway of changing the posting dates and re-running the VAT return without these 3 invoices? Or can I just keep a manual note of the amendment with my VAT paperwork and notify HMRC of the amendment?
Presumably the vat return has also been filed and paid to HMRC. The limit for notifying error or mistake is £10000 I think so you don't need to do anything unless you are over this threshold. If its borderline I'd be inclined to ignore it as its in HMRC favour and by the time you got the cash back it would be time to pay it back again.
The VAT return has been filed, but it's not due to be paid until next week. I would be inclined to ignore it too, but the cash-flow is a bit tight at the moment and they really don't want to pay it if they don't have to!
