Overstated VAT in Invoices – Can I Recover the Excess Payment?

[jamies johnson]

As a new business owner, I discovered a VAT calculation issue on invoices. Over the past two months, I have overestimated VAT, resulting in a total excess of ₱20,000-₱30,000.

My accountant, who charges a monthly retainer fee of ₱10,000 (plus VAT), did not identify the issue. I'm not sure if they should review these computations or just record them.

Can I recover the excess VAT I paid?

[Tree monkey 1682]

Get a decent accountant/ book keeper and go from there , no point asking tree surgeons about something to do with hmrc

[Mick Dempsey]

How do you mean?

You have paid too much VAT or not been reimbursed enough or what?

What currency does that sign represent?

Edited 35 minutes ago by Mick Dempsey
Are you in the Philippines?