Q: How do I record an overstated input VAT amount from the previous reporting quarter?...
28 August 2012
...Do you deduct the amount overstated from the amount in the next reporting period?
...Do you deduct the amount overstated from the amount in the next reporting period?
You’ll find what you need in public notice 700/45, which deals with correcting errors on a return already submitted. It describes two methods of voluntary disclosure, the first for errors with a net value of £2,000 or less, the second for errors of any size. Both only...