Although there are plenty of clearly intentional anachronisms throughout the movie (jackhammers, references to Mark Twain, Blazing Saddles, etc.), King Richard's coat of arms (quartered English lions with blue fleurs de lis, introduced after 1485) is likely to be unintentional.
The wedding music is the "Bridal Chorus" from Richard Wagner's 1850 opera LOHENGRIN. This puts several hundred years of time between the traditional 13th or 14th century setting of the Robin Hood myth and composition of the music.
During the "Men in Tights" song and dance number at the lyrics: '...We roam around the forest looking for fights...', Dave Chappelle (Ahchoo) makes a minor mistake in choreography by raising his right-hand to his forehead instead of his left-hand, and then makes a quick switch to correct his mistake.
When Robin sings "The Night is Young and You're So Beautiful" he exclaims "Bb" before he starts to sing (in reference to what key the music should be played in). The song however is in the key of E major and modulates to F major, not Bb.
The Abbot announced the opening prayer to be in New Latin. Despite the fact that this "language" the Abbot spoke is just gibberish (for obvious comedy reasons), the term for the language "New Latin", also called Renaissance Latin, was introduced in the 14th century, about 200 years after the movie was set.
When Robin cuts the side of Sheriff of Rottingham's saddle, it all slides underneath the horse with Rottingham, but when the camera looks back up at Robin, the saddles seat is clearly visible on top of the horse but when the camera cuts moves back to the whole scene, the saddle seat is again underneath the horse with Rottingham.
When the Sheriff goes into the throne room to tell Prince John about Robin attacking him, John tells the woman in the blue dress "Later...!". She giggles and runs away. In the next shot, she runs away again.
At 1 hour, 2 minutes and 20 seconds, Don Giovanni tells the Sheriff of Rottingham that Robin Hood will not resist the archery contest set for the next day. When the Sheriff asks "Why's that?", his right arm is on the table. In the next shot, when one of Don's associates answers "We'll make him an offer he can't refuse", the Sheriff's right arm is on his stomach.
At the end of the movie, as the camera zooms out, the location of the Loxley castle seems to be in the area of London. Sherwood Forest (where the story is set) and Nottingham are in the East Midlands area which should be a bit further North.