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HMRC internal manual

VAT Assessments and Error Correction

From
HM Revenue & Customs
Updated
, see all updates

Section 73(1) and 73(2) assessments: Distinction between tax declared and tax paid

When making an assessment, a distinction should be made between tax declared and tax paid.

Having made an assessment for the net tax due, it would be incorrect to make any addition or subtraction from the assessment simply because declared or previously assessed amounts have not yet been paid, or repaid, by HMRC.