UK VAT Adjustment


Joined
Feb 6, 2021
Messages
1
Reaction score
0
Country
United Kingdom
Hi
I would appreciate if someone could guide me how to correct the following issue.

I was a sole trader and vat registered. I then setup a limited company and transferred VAT number. The VAT transfer took place during the 2nd quarter.
As a sole trader, I submitted final VAT for 2nd quarter using FreeAgent Software. There was some VAT that had to be paid for the limited company.
When I tried to submit VAT for the limited company using the same software but different account, HMRC system rejected it because VAT was already submitted for 2nd quarter (using my sole trader account). Currently, the 2nd quarter VAT status is rejected.

Third quarter payments are now due. How do I adjust the third quarter VAT so that I'm paying the 2nd quarter outstanding VAT to bring my limited company account up-to-date?

Thank you.
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

UK Adjusting with trade creditors when working on a VAT return 0
Adjusting Entry 2
USA Topside Adjustments Question 2
USA Third party adjustment 1
UK VAT TOMs 1
Question on journal/adjusting entries 3
UK VAT Margin Scheme 6
Cancellation of GST/VAT 0

Top