[Question] VAT processing error

[Raene]

I have just picked up that VAT has been processed on a supplier account that is not VAT registered since March.

Does anyone know how to fix this please?

[Mike C]

Hi Raene - are you saying that you have been claiming VAT on that account since March?



If so, then I would suggest that you

1) do a backup before trying to change it, so that if it does not work correctly you can immediately restore to your previous state.


2) do a credit note for the full amount since March (inclusive of VAT) so that the VAT is reversed. That would bring the Supplier Account to zero. Then do a Debit Note for the full amount without the VAT. Once these two are marked off against each other, only the VAT which is owed to SARS should remain.

[Raene]

Hi Mike

Yes that is the case. But it is only the case for August and September, for which the VAT has already been submitted.

Could I correct it in this period or do I have to resubmit the VAT for the 201309 period.

Thanks for your help.

[Mike C]

Hi Raene - I would think that it is easier to correct it in your current period than have to resubmit your VAT. If you ever have a VAT audit you will be able to show that it was corrected in the following period.

That's what I think would be reasonable (unless is it an incredibly large amount of money, in which case it would be better to resubmit.)

If, however, your return has been sent back to you for review (which normally happens the same day it is submitted) then that would be the time to correct it.

[Raene]

It is less than 2k so I think I will correct it as above in the current period...
Thank you for your help. Much appreciated.