Take a free trial of Clear Books Or take a look at our new product Clear Books Micro

Old invoice excluded from VAT return. Is it possible to add to next return?

Question asked by Ben Durman 6 years ago

In the 'report of transactions excluded or not currently on a VAT return', it shows an invoice from over a year ago that must have been excluded somehow. How do I assign that invoice to be included in the next Vat return please?

3 Replies

Hi Ben, Yes, that sounds to be the case here. You may well have asked it to pick up excluded invoices previously. If it is no longer showing as excluded, it must have gone. It may be a faff, but you could always check the returns since that point to see if it is in there.

Thanks, Chris

Hi Ben, Firstly, in legal terms you should be able to do this as long as the invoice in question is below a certain value. Please see: http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_

4.2 Methods for correcting errors There are two methods for correcting errors:

Method 1: for errors of a net value that do not exceed £10,000, or errors of a net value between £10,000 and £50,000 that do not exceed the limit described in paragraph 4.3 Method 2: for errors of a net value between £10,000 and £50,000 that exceed the limit in paragraph 4.3, or for net errors greater than £50,000.00, or if you so choose, for errors of any size.

As long as all that is OK, In Clear Books you will need to:

When you generate your next VAT return you will see that there is an option to 'View report of transactions excluded or not currently on a VAT return. Do this to ensure you have not omitted any transactions'.

Here you will be able to select the right criteria, including date range for the missing invoice. Choose the invoice you want and add it on.

I hope that this is nice and clear. If you need to know anything else, please let me know.

Many Thanks

Chris

Hi Chris, Thanks for your response.

I've since found that if I filter the results from 01/04/12 - 30/03/13, you see the invoice which has apparently been excluded from a return. If you then move the filter forward to July 12 (01/07/12 - 30/03/13), the invoice is no longer shown. This makes me think that it’s been accounted for and included on the April-June VAT return. I’ve looked through this return and I can’t see it listed though. Am I right to think that if the invoice is no longer shown in the excluded report, that it has been included in a later return and therefore paid?

Thanks, Ben.

Hi Ben, Yes, that sounds to be the case here. You may well have asked it to pick up excluded invoices previously. If it is no longer showing as excluded, it must have gone. It may be a faff, but you could always check the returns since that point to see if it is in there.

Thanks, Chris

Reply to this question

Attach images by dragging and dropping or upload
 

Your comments will be public and can be answered by anyone in the Clear Books community.

Find out what we do and who we are