HMRC has updated its guidance Complete your VAT Return to account for import VAT to highlight key problems importers encounter when trying to access their monthly VAT statements. HMRC is also aware of issues with January 2021 and February 2021 statements and has now added information on completing monthly and quarterly VAT Returns for the affected accounting periods.
A new section ‘How to complete your VAT return if you have problems with your monthly statements’ has been added to the guidance to provide further details on what the taxpayers should do depending on whether they can or cannot access their statements. If reasonable care is taken to follow that guidance there will be no penalty if an error is made completing the return.
HMRC has updated its guidance Complete your VAT Return to account for import VAT to highlight key problems importers encounter when trying to access their monthly VAT statements. HMRC is also aware of issues with January 2021 and February 2021 statements and has now added information on completing monthly and quarterly VAT Returns for the affected accounting periods.
A new section ‘How to complete your VAT return if you have problems with your monthly statements’ has been added to the guidance to provide further details on what the taxpayers should do depending on whether they can or cannot access their statements. If reasonable care is taken to follow that guidance there will be no penalty if an error is made completing the return.
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