VAT Deferral Scheme Updated

HMRC has updated the guidance on the VAT Deferral Scheme to include a new section on how to correct errors on VAT returns related to the deferral periods. If a business finds an error it should:

• fill in form VAT652
• send it to the VAT Error Correction Team

 
If the error results in the need to pay further VAT, businesses can  'contact our COVID-19 helpline' to ask HMRC via their Covid 19 helpline and ask to include extra error correction payments in their deferred VAT balance after (both of the following):
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• HMRC have processed their error correction
• They have received a Statement of Account confirming the balance

 
Any addition VAT payment needs to be pay in full by 31 March 2021
 
https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-covid-19#correct-errors
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