VAT reclaim for purchases made over last 12 months

wheeler said:

Hi,

My sales VAT returns are in order but I forgot to reclaim my purchases VAT.

Do I need to file a supplementary return for these to the correct VAT return period or can I cumulate them and reclaim them against the latest month?

FYI: The reclaim amout is small, approx 500 euros. Not sure if this would influence the answers or not.

Or does anyone know of an easier way to do this?

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Graham_07 said:

The correct thing to do would be to file supplementary returns for each period dividing up the VAT claims into the relevant periods. However, in practice I have encountered the following other scenarios :-

- File all on a supplementary return for the period which ends the accounting year. So if Year is Jan-Dec then file a supplemenary for whatever VAT period ends 31/12.

- Claim the credit on the next available VAT return being filed which might have the effect of reducing what otherwise would be a payment. In that case, as the period is possibly after the year end, it would need to be clear when doing up the accounts that this is a debtor at year end.

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