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Re-allocate VAT credit against CT liability

Ari
Posted Wed, 27 Sep 2023 08:24:38 GMT by Ari
Company has a large VAT credit which it previously asked remains on account rather than repaid. It now faces a £30k CT liability and would like some of its VAT credit applied transferred to its CT account. Is this possible and if so how should this be requested?
HMRC Admin 19 Response
Posted Tue, 03 Oct 2023 15:46:21 GMT by HMRC Admin 19 Response
Hi,

Unfortunately we are unable to transfer money between departments.We can only do this where a payment has been made to the VAT account in error and then we can transfer the credit over to CT.

If you contact our VAT team we can release the amount you need which you can then use to pay CT.

VAT: general enquiries

Thank you.

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