Tag Archives: VAT-error-reporting

HMRC internal manual: VAT Assessments and Error Correction update

By   21 October 2024
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HMRC’s manual VAT Assessments and Error Correction was updated on 15 October 2024.

This internal guidance is for HMRC inspectors (but is equally useful for advisers) covers assessments and error correction. The amendments apply mainly to General assessment procedures: Importance of avoiding delay.

The manual covers:

  1. Making Tax Digital for Business (MTD) – how to deal with MTD customers
  2. Powers of assessment
  3. VAT assessments
  4. Error correction for VAT
  5. How to assess and correct
  6. “VALID” computer printouts
  7. Demand for VAT
  8. Remission of tax

It also refers to for the most up-to-date guidance on reasonable excuse CH160000.as a defence against penalties and interest.

More on:

How to avoid MTD penalties

Disclosure of Avoidance Schemes – new rules

New HMRC guidance on error reporting

New online service for error correction

Error Disclosure under £10,000 – Draft Letter To HMRC

 

 

 

VAT: New HMRC guidance on error reporting

By   4 July 2023
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HMRC has published new guidance to assist taxpayers on how to deal with errors discovered on submitted VAT returns. The catchy title is: Check if you need to report errors in your VAT Return – Check if you need to notify HMRC about errors that are over the threshold on your VAT Return and find out how to report them.

The guidance sets out how to report errors of £10,000 or more (net of all errors). This broadly comes down to using the online service by completing a form VAT652 or adjusting a current VAT return.

Please see our flowchart on error reporting Error Reporting Flowchart