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Suffolker


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Vat Schemes & Return Dates...
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I've just started doing the vat returns for a new client.  I enter all the sales and purchases with the gross and vat seperated, is this the standard way and do I need to tick any boxes on sage? They claim vat when the invoices are issued rather than when they are paid.

Also I was wondering what the deadline date was for each vat return?

Many Thanks in advance

Jo



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BackOfficeGroup


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when you enter the information on Sage, you enter the net figure and it works out the VAT, so long as T1 is the code, for you, or you can use T0 or T2 if no VAT (zero or exempt).

when the VAT return is to be completed, Sage has a VAT section in the financials to calculate the VAT for the return.

if you have the return, it will show the period at the top and show the due date to the right hand side, opposite the address on the left. payment by cheque must accompany the return, or if paying by BACS, you have until the 6th day of the following month of the due date.

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Suffolker


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Thats great thanks for your reply

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Weebly_one


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If you have the latest Sage then the VAt return is really easy to do online too.  The easiest way to learn how is to use the F1 help button, then search for VAT Return, you can find step by step instructions there.

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Weebly/Aly - Silicon Bullet Ltd
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