Hi.
I overcharged vat (21% instead of 13.5%) and overpaid the Collector General for the May/June period. I've rectified this with the client however I'm wondering how do I account for this on the Vat3 return for the current period. Should I outline my vat on sales/purchases as normal and make a zero payment.
Thank you in advance.
I overcharged vat (21% instead of 13.5%) and overpaid the Collector General for the May/June period. I've rectified this with the client however I'm wondering how do I account for this on the Vat3 return for the current period. Should I outline my vat on sales/purchases as normal and make a zero payment.
Thank you in advance.