Taxpayers are normally required to make a VAT adjustment where they have reclaimed VAT charged on purchases where they have not paid the vendor within 6 months of deducting the VAT. This concept is known as the “Six months adjustment rule”.
Finance Act 2013 introduced this treatment. From 1 January 2014 Section 62A of the VATA 2010 obliges the taxpayer to adjust the deducted VAT when transactions remained unpaid after 6 months.
Source Deloitte
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