You have the option to adjust your current VAT account to correct errors on the past returns. Adjustments apply to these errors:
Below the reporting threshold.
Not deliberate.
For an accounting period that ended less than 4 years ago.
the net value of the errors is £10,000 or less.
The mount is up to 1% of your box 6 figure (up to a maximum of £50,000).
If the error that you receive isn't mentioned above, I recommend reporting this to HMRC. They'll provide advice for the best course of action of the return.
To give you complete details on how to create an adjustment, visit this link: Adjust your VAT liability
I'll be around to provide further assistance if there's anything else you need. Just let me know through the reply section below. Have a fantastic weekend, Jane!
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