VAT error correction - CPD module – NEW

This month's exclusive Accountancy Daily CPD module explains in depth the two ways in which the under or overpayment of VAT should be corrected, as well as how to properly notify HMRC.

By completing this module on error correction will enable you to:

  • understand what is and is not an error on a VAT return;
  • understand when method 1 should be used to correct an error by correcting a future VAT return;
  • understand when method 2 should be used to correct errors by making a separate disclosure to HMRC; and
  • know when interest and/or penalties may be charged when errors are made.

This CPD module takes 20 minutes to complete and is followed by a short quiz to ensure thorough learning. There are also detailed course notes to ensure a full learning experience. Any CPD learning is also automatically added to Your CPD Tracker.

The CPD course lecturer is Sarah Kay, tax writer at Croner-i.

Play the CPD module here

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