Hi all
I have filed numerous FRS VAT returns, but the last one I messed up.
I have put the FRS VAT amount due correctly, but in box 6 on the webpage I wrongly put the total turnover WITHOUT VAT. Which is OK is I were not in FRS.
For FRS I must input the turnover figure inclusive of VAT (gross) which I have done so may times.
This last time I dot it wrong somehow.
I gather that correcting your VAT return can be done in 2 ways: if the difference in the VAT due is less than £10 000, you just balance it in the next VAT return.
If more than 10000 you must notify HMRC.
In my case the VAT due is correct but the base it was calculated on is not. Do I need to inform HMRC for the mistake in box 6?
I have filed numerous FRS VAT returns, but the last one I messed up.
I have put the FRS VAT amount due correctly, but in box 6 on the webpage I wrongly put the total turnover WITHOUT VAT. Which is OK is I were not in FRS.
For FRS I must input the turnover figure inclusive of VAT (gross) which I have done so may times.
This last time I dot it wrong somehow.
I gather that correcting your VAT return can be done in 2 ways: if the difference in the VAT due is less than £10 000, you just balance it in the next VAT return.
If more than 10000 you must notify HMRC.
In my case the VAT due is correct but the base it was calculated on is not. Do I need to inform HMRC for the mistake in box 6?
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