I may have paid too much VAT, letter from HMRC

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

WTFH replied

2 October 2017, 08:22
Originally posted by pscont View Post

None of the above. Also I have used the right percentage.
I had a VAT inspection in Jan 2015 and the inspector found that I was using wrong % so we changed it. It turned out it was HMRC's problem when initial % was determined, so no penalties or anything.
Ever since I was using the new % and recently switched to 16.5%.
As far as I can see it is all correct.

This inspection in 2015, was it instigated by you filling in an FRS VAT return online but making a mistake on it?
Did you contact HMRC immediately after discovering the mistake?

Just wondering.
Leave a comment:
TheFaQQer replied

26 September 2017, 17:03
Originally posted by pscont View Post

As far as I can see it is all correct.
Leave a comment:
pscont replied

26 September 2017, 15:39
Originally posted by TheCyclingProgrammer View Post

Have you had any international sales that you may have included in your return by mistake? Have you been using the right percentage? Have you been calculating the reverse charge correctly on any purchases from abroad?

None of the above. Also I have used the right percentage.
I had a VAT inspection in Jan 2015 and the inspector found that I was using wrong % so we changed it. It turned out it was HMRC's problem when initial % was determined, so no penalties or anything.
Ever since I was using the new % and recently switched to 16.5%.
As far as I can see it is all correct.
Leave a comment:
TheCyclingProgrammer replied

25 September 2017, 17:39
Have you had any international sales that you may have included in your return by mistake? Have you been using the right percentage? Have you been calculating the reverse charge correctly on any purchases from abroad?
Leave a comment:
Patrick@Intouch replied

25 September 2017, 16:04
You should absolutely contact HMRC and offer to provide the information originally requested by them.

Although it may be tempting to accept their verdict, it would be better to make sure that the level of VAT that has been sent to them is correct.
Leave a comment:
northernladuk replied

25 September 2017, 15:57
Well you've no accountancy support so you'd imagine a call to HMRC would be the next option. Nothing wrong with asking them why they think what they do surely?
Leave a comment:
pscont started a topic I may have paid too much VAT, letter from HMRC

25 September 2017, 15:52
I may have paid too much VAT, letter from HMRC

I got one letter in March 2016 from HMRC that they want to do a check on my VAT returns for a number of periods.
I missed this one since I was traveling. Later they sent another one in December 2016 that the check is completed and I may have paid too much VAT. They dont say how much.
I also missed this one, got the two letters today.

What is all this, my calculations on FRS VAT are correct as I see them.

I do my FRS VAT myself, not my accountant.

Any suggestions, should I chase with HMRC?
Tags: None