Process a VAT return

Create a VAT return:

• From the main menu, click on VAT > VAT returns

• Click Add button. 

The first return will have the From date as the year start date of the data; however this can be changed if necessary.

The To date will be dependent on the VAT Frequency as set in Settings > Company Details > VAT Details.

Before you confirm the return, from the Reports button you can run a draft transactions report. From this report you can drill down to original transactions by clicking on the blue transaction number.

You can edit transactions and save them but then you will need to exit the report and Calculate the return to update the figures.

You can also run a draft VAT return.

When you are ready Confirm the VAT return. If you run the Transactions and VAT return reports after confirming they will no longer have DRAFT written across them.

Once it has been confirmed you will be able to Submit the return. A message will be displayed when the return has been submitted successfully. 

In the Return Status column of the VAT returns listing screen, the details will be displayed of the date and time of the submission and the reference number given.

Edit a VAT return

• From the main menu, click on VAT > VAT returns
• Click on the blue From Date to open the return

Remove a VAT return

You can only remove the latest VAT return as long as it has not been submitted.

• From the main menu, click on VAT > VAT returns
• Select the latest return

• Click the Morebutton.

• Click Remove.

You can also remove the return if you have it open in edit mode. 

• Click the Morebutton.

• Click Remove.