| Backdating VAT [message #377764] |
Mi, 05 April 2006 01:50 |
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Post removed (X-No-Archive: yes)
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| Re: Backdating VAT [message #377766 ] |
Mi, 05 April 2006 08:37 |
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127.0.0.1 [at] 127.0.0.1 wrote:
> X-No-Archive: yes
>
> Can I legally backdate VAT ? and for how long can I do it ?
>
> Cheers
1) If you are VAT registered and could have recovered Input VAT but
didn't, yes you can go back and rewrite your books, or put in a claim.
If it is a large amount, you need this:
http://www.gov.im/treasury/customs/faqs/mistake.xml
2) If you are not VAT registered but now find that you should have been
registered, then yes you can issue "VAT only" invoices to your
customers and hope they will pay you. The VAT registered ones almost
certainly will.
There are no restrictions on how far back you can go AFAIK.
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| Re: Backdating VAT [message #377771 ] |
Mi, 05 April 2006 11:48 |
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"Troy Steadman" wrote
> There are no restrictions on how far back you can go AFAIK.
"Three Year Rule"?
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| Re: Backdating VAT [message #377776 ] |
Mi, 05 April 2006 15:00 |
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Tim wrote:
> "Troy Steadman" wrote
> > There are no restrictions on how far back you can go AFAIK.
>
> "Three Year Rule"?
Is there?
I've twice been back four years and over, recalculating Partial
Exchange for charities who always manage to get it wrong. If you have
the approval of the inspector I suspect you can do anything.
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