HOME / COMMUNITY Switch to knowledge base

Is it allowed to rollback submitted VAT to insert missed purchases after it is submitted as MTD?

Is it allowed to rollback submitted VAT to insert missed purchases after it is submitted as MTD?

Is it smart to do it as will change total expense to expense amount declared in VAT return?

Thanks,

Hi Dan,

I would not recommend it as it will throw your VAT returns out of sync with what HMRC have and will affect payments etc. You should be able to do an adjustment with your next return. If you are wanting to resubmit to HMRC then it would be worth contacting them.

1 Like

If you just enter the extra purchases (on their original dates) without rolling back the return then they’ll be included in the next return automatically. You only have to notify HMRC directly outside of the usual return cycle for deliberate errors, or for accidental errors that result in you underpaying VAT by £10,000 or more1 (either by failing to report sales or by claiming back too much on purchases). In your case you’ve overpaid VAT in one quarter so you just correct things in the next quarter.

1 or £50,000 if that’s still below 1% of your box 6 total

Can I change date of the invoice from November to October 2018 to correct one that will enter as expense in corporation tax return? Or will also create issue so better to avoid informing HMRC about changes…

If a transaction is locked by the VAT return then you won’t be able to change the date. You can enter a credit note for the incorrect date and invoice for the correct date as another way to correct it if you need to?