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Where Taxpayers and Advisers Meet

Import VAT - C2001?

eb321
Posts:24
Joined:Fri Jun 20, 2014 8:20 pm
Import VAT - C2001?

Postby eb321 » Wed Apr 21, 2021 10:34 am

Hello everyone,

Hope someone can advise please.

My VAT-registered business received a Chinese import in February that had an under-declared value. So the VAT value on the PVA statement is not correct.

I have been to the web page for the C2001 form - voluntary disclosure of underpayments.
The web page says:
"If you account for import VAT on your VAT return you should not use form C2001. You can make adjustments on your VAT return."

Is this just a case of adding the missing amount into box 1 and box 4 and keeping a note of it?

Thanks in advance.

les35
Posts:615
Joined:Wed Aug 06, 2008 3:09 pm

Re: Import VAT - C2001?

Postby les35 » Wed Apr 21, 2021 1:57 pm

I would do so.
But do a screen shot of the HMRC page, in case their guidance changes!

eb321
Posts:24
Joined:Fri Jun 20, 2014 8:20 pm

Re: Import VAT - C2001?

Postby eb321 » Thu Apr 22, 2021 6:46 am

Thanks. Screenshot taken :)


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