How to assess and correct: Assessment procedures: VAT667 Statement of account
The Statement of Account form VAT 667 is used to notify traders of the total amounts of tax, surcharge, penalty and interest payable to or repayable by HMRC. It includes all the trader’s VAT liabilities at the time of issue, except unprocessed VAT returns.
It is generated by the computer after the input of Forms VAT 641, 642, 643 and 644.
The lower half of the form, the VAT 667A, is a tear off remittance slip which traders should use to accompany any remittance.
VAEC9130 shows the documents which will accompany the VAT 667 in each possible case that it may be generated.
Despatch to the trader
The VAT 667, and all other output documents, are received in duplicate at the local office. The trader’s copy should be forwarded to the trader without delay, along with the other output documents. The Local Office copy of the VAT 667 and other output documents should be scanned into the trader’s electronic folder (EF).