HMRC updates online error reporting form
HMRC recently launched a new online form for correcting VAT return errors. What are the advantages of using it, and what changes have been made already?
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Free childcare for company owners?
You’re an owner manager and your daughter is due to start nursery. You understand that working parents can get free childcare but a friend said this isn’t available if you only pay yourself dividends. Is this true and what can you do to qualify?
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CT61
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Getting the NI on benefits right
Getting the National Insurance (NI) treatment of employee benefits wrong remains a common issue for employers, particularly where the benefits are payrolled. Errors can lead to underpaid NI and potential compliance action. What should you check?
The new online digital form for correcting VAT return errors went live in August 2022. It is now HMRC’s preferred option, and it is encouraging all businesses to use it instead of the paper Form VAT652. Among HMRC’s reasons for championing the digital form is an expected reduction in the need for officers to be spending time on corrections. However, there are also advantages for you. The form validates VAT numbers in real time, and flags potentially out of time corrections. This should cut down on simple errors. Additionally, some new functions have recently been added. It is now possible to upload supporting documents, e.g. invoices, to the form. There will also be prompts to check if a correction or payment has already been made to avoid duplication. It is also now possible to save a partly completed form and return to it at a later date. All of these additions should help to streamline your administration, saving you time. Further improvements are expected.
HMRC has promised to publish a detailed webinar looking at how to use the form in the coming weeks.





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