I’ve been happily using the VAT reporting tool since we started, but the latest report we submitted (electronically, through Quickfile) turns out to have expenditure in that is outside the VAT period (ie we were submitting May-Jul 15 and items are in there from 2014). Our responsibility to check, I know, but I’d be grateful for any feedback as to how this could have happened?
Mike
Are you on cash accounting or accrual? If you have invoices raised in 2014 but paid in this quarter and you’re on cash accounting that may be one reason.
EDIT:
Another explanation would be if you’ve recently added items for an earlier VAT period, as these are unreconciled for VAT they automatically get brought forward into the next VAT return. I actually think that’s what’s happened in your case as a couple of the 2014 items on the last return were added in May 2015.
If the amount is not significant relative to the values on the return, you could total these and adjust them into the next return. Just make a note somewhere on how you arrived at those totals.
We’re on cash accounting - but the rogue payments are actually dated 2014 and they were definitely paid then, not recently
If you refer to my amendment above.
Glenn, thanks as always for the amazing fast response. We’re now thinking these are Barclaycard transactions which were input much later than they really should have been (we did a huge catch-up on manual entry) and have therefore been sucked up into this return. Having pressed ‘send’ already I suspect we’ll have some explaining to to the VAT man…