Sky
New Forest

09/12/2022

New form for notifying HMRC of VAT errors

HMRC have launched a new online G-form which is intended to become the default option to notify them of errors in VAT returns.

Any VAT-registered business who wish to submit a VAT Error Correction Notice (ECN) can use the new online process. Once submitted, a copy of the digital form will be captured by HMRC’s Digital Mail Service (DMS) and processed in a similar way to the paper form VAT652.

The new G-Form will streamline the current process, making it easier to notify HMRC about errors on VAT returns. It will enable businesses to:

● Upload supporting documentation.
● Provide explanatory notes.
● Save the form for completion later.
● Receive submission confirmation (with a reference number)

The existing paper form VAT652 remains available, but using the digital process may help to reduce mistakes through its built-in validation and automated calculations.

See: Tell HMRC about any errors in your VAT Return - GOV.UK (www.gov.uk)

Latest Feeds

Directors loan accounts – Avoid the unexpected tax trapCompany owners often withdraw monies from their business that is not salary or dividends, this borrowing can be useful but if it is not managed properly tax charges will arise.To read the full article please click the link in our bio.

HMRC contacts self-employed people about National Insurance gapsHMRC is writing to some self-employed individuals whose National Insurance (NI) records may contain gaps that could affect their State Pension.Read full article by clicking the link in our bio.

Companies House to bring in changes to accounts filing from April 2028Companies House will introduce changes to accounts filing due to governmental reforms under the Economic Crime and Corporate Transparency Act 2023 (ECCT Act 2023).Read full article by clicking the link in our bio.

Divorce and tax: what to check before you signHow separation affects the family home, pensions, investments, business shares and future tax bills and why the after-tax value of a settlement is rarely the same as the headline figure.Read full article by clicking the link in our bio.

Energy Savings Opportunity Scheme (ESOS): what businesses need to knowLarge organisations should be aware of their obligations under the Energy Savings Opportunity Scheme (ESOS), a mandatory UK energy assessment programme designed to help businesses identify opportunities to improve energy efficiency and reduce energy costs.Read full article by clicking the link in our bio.

Date of Budget 2026 announcedThe Chancellor of the Exchequer, John Healey, has announced that Budget 2026 will be presented on 28 October 2026.Read the full article by clicking the link in our bio.

Audit and independent examination threshold updatesThe threshold at which a charity must be audited or procure an independent examination is changing in England and Wales.Read the full article here: https://bit.ly/4y35wpc

Tokenisation on the rise: Opportunity meets uncertaintyThe UK government is continuing its push to position the UK as a global hub for digital finance, with tokenisation playing a central role in its latest plans.To read the full article click the link in our bio.

Let's Talk

Why not arrange a FREE consultation and find out what we can do for your Academy.