How to Correct VAT Errors?
If, after submitting your VAT return, you discover that you have made a mistake, make an effort not to freak out! You should be able to either personally amend the problem or report it to HMRC in order to get it fixed. This straightforward manual explains what actions to take in either of the two scenarios. Making a manual correction to an error You may be able to amend a subsequent VAT return in order to rectify an error that was made in a prior VAT return, provided that certain conditions are met. You have the option to do this if the mistake is: was included in a return for a fiscal year that finished fewer than three years ago It was not on purpose that your transaction had a net value (any VAT you overpaid minus any VAT you underpaid), which was lower than the HMRC reporting threshold of £10,000. (you should notify HMRC of any deliberate mistakes by following the instructions below) had a net worth somewhere in the range of 10,000 to 50,000 pounds (but less than one percent of the