Error in Invoice and Reverse Charge

Accounting
1

Hi All,

I have made an error in a purchase receipt with reverse charge VAT, I put the invoice total in the total column, rather than the sub total column, see the screen shots bellow:

Incorrect Purchase Receipt:

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Correct Purchase Receipt Example (Previous Month)

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As I’ve submitted the VAT Return for this period I’m unable to correct this on the invoice in question, and unsure how I would correct this going forward.

As it is under £10k, I can just submit this in my next return, but I’m unsure how to record it on QuickFile so it does this, my thoughts are to raise second invoice for the difference that is due (3.05 EUR) with the same refrence number and date, adding a note explaining the error, as shown bellow.

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Any help is appreciated, Daniel

2

Hello @DanielCoates

Credit the invoice and re process it correctly.

The credit and new invoices would then be picked up on your next vat return to correct the figures HMRC hold.

3

Hi Steve,

I didn’t even think about a credit invoice, but that makes more sense.

Thanks, Daniel