What is a VAT 652 form?
Details. Use form VAT652 to tell HM Revenue and Customs of any errors that you have made on your previous VAT returns that are over the current error reporting threshold.
How do I correct a VAT return error?
you can correct the error by amending your records. Simply keep a clear note to show the reason for the error, and include the correct VAT figure in your VAT account for the same period. The correct VAT figure will then work its way through to your VAT Return, as normal.
What happens if I make a mistake on my VAT return?
As long as you haven’t yet submitted it, you can make a correction within the VAT return itself. Just write down the date on which you discovered the error, how it occurred, and the correct amount of VAT for that period. Your VAT refund will be based on the corrected figure.
How do I submit a VAT correction?
How to report the error. Fill in form VAT652 and send it to the VAT Error Correction Team. You’ll get an automatic reply by email when HMRC receives your form. HMRC will then send you a notice telling you if the amount you calculated is correct and any interest or tax you owe.
How far back can you claim VAT errors?
4 years
It is important to note that VAT errors can now also be assessed as far back as 4 years, previously 3 years, with interest being owed to HMRC on all outstanding payments. If you have under-claimed VAT you will not be able to claim interest on the outstanding amount owed to you, if it was a mistake on your part.
Can I resubmit a VAT return?
Providing the errors meet certain conditions, you do not need to tell HMRC about them – you can simply correct them by adjusting your next VAT return. You can adjust your current VAT return to correct errors on past returns as long as the errors: are below the reporting threshold; are not deliberate; and.
What happens if I pay too much VAT?
In cases where a trader’s customers have paid too much VAT as a result of an HMRC mistake, the trader must repay the interest paid to their customers. The interest amount must be returned to HMRC within 14 days if the trader is unable to make contact with the customer to make the repayment.
Can you Unsubmit a VAT return?
In accordance with HMRC guidelines it is not possible to reverse or undo a submitted VAT return, it is also not possible to re-submit a VAT return.
How do I amend a VAT return UK?
Contact the VAT General Enquiries Team if you need help making corrections. HMRC may charge you penalties and interest if an error is due to careless or dishonest behaviour. You should tell HMRC about careless errors separately in writing, as well as adjusting your current VAT Return.
Can I refile a VAT return?
Can VAT be paid annually?
Under the Standard VAT Accounting Scheme, VAT-registered businesses must submit a VAT Return and make payments four times per year. The Annual Accounting scheme simplifies this process by allowing businesses to submit one VAT Return a year and make payments towards their final VAT bill in instalments.
Can you send VAT 652 to HMRC by email?
HMRC accept that, by sending them your VAT 652 via email, you understand and accept the risks of using email – interception, integrity, alteration and non-repudiation. HMRC will not respond via email from this mailbox. Responses will be by post.
How to fill and sign a vat652 template?
Ensure that the data you add to the Vat652 is updated and correct. Include the date to the template using the Date function. Click the Sign tool and create a digital signature. There are 3 available choices; typing, drawing, or capturing one. Make certain each and every field has been filled in correctly.
What to do if your VAT return is over the threshold?
Use form VAT652 to tell HM Revenue and Customs about errors on your VAT returns that are over the current threshold. Use form VAT652 to tell HM Revenue and Customs of any errors that you have made on your previous VAT returns that are over the current error reporting threshold.
How to send notification of errors in VAT returns?
Notification of Errors in VAT Returns You can use this form to disclose the details of any errors in your VAT returns. Please read the notes on the back of this form before you begin to fill it in. Send the completed form to the VAT Error Correction Team for your region.