What happens if you have already submitted your VAT return, and then you get an invoice from that VAT period? I'm guessing that you can just submit that as part of your next VAT return?
You can, and to some extent that is the easiest. Although from an income tax point of view, this could raise an issue if it fell across an end-of-financial-year.
The good news is that you have effectively overpaid, so there is no prospect of penalties.
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Part of our business deals with this. You can claim VAT for up to 5 years ago, if I'm not mistaken.
Last edited by Ben122; 09-Oct-07 at 10:57 AM.