VAT errors and making adjustments and claims

HM Revenue & Customs have issued a Revised Notice 700/45, giving guidance on how to amend your VAT records if they contain an error, correct errors you discover on VAT Returns already sent to HMRC, and claim refunds.

It also gives guidance on completing VAT Returns when you disagree with the VAT treatment of a supply, or where VAT practises are being challenged in Court.

If you would like some help with VAT, then please contact Michael Fagelman, of Fareham Accountants, MFA on 01329 821900.