See below 9 practical examples of how error correction operates in practice. The examples demonstrate:

1That errors should in favour of/against HMRC should be netted off against each other when applying the Method 1 vs Method 2 de minimis limit;

2How to apply the de minimis tests for Method 1 vs Method 2 error correction;

3The importance or proper record keeping when a Method 1 correction is needed;

4That errors which occur outside the window for correction are capped;

5The potential penalties which may result if a Method 1 correction is not properly recorded;

6That customers who notice they have been overcharged VAT can also be caught by the cap;

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