HMRC Updates Guidance on Late Input Tax Claims for VAT: Key Rules and Discretion Explained

• Input tax should be claimed in the accounting period when the tax became chargeable (‘proper period’).
• Late claims may be allowed if supporting evidence is delayed, due diligence is being carried out, or due to internal accounting procedures.
• HMRC has discretion to allow late claims if it does not result in overclaiming or underpaying tax.
• HMRC will not allow late claims if there is evidence of careless error or repeated late claims.
• Errors can be corrected and tax recovered in a later period under Regulation 35.

Source: marcusward.co

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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