I am trying to claim the 6months of services back.
So I go into settings and select the 6 months date.
Then I calculate theVAT return, and the amounts for box 1 to 5 are perfect (same as my manual calculations) but the box 6 and 7 include the full amount of all the invoices for those 6 months, including the ones without VAT.
My previous software was smart enough to add only the ones with VAT to box 6 and 7 on this first VAT return.
So, what is best?
A) Select the normal dates and adjust box 4 and 7 with the 6 months invoices that I am claiming.
B) Select the full dates and adjust the boxes 6 and 7 removing the excess so the total is the amount of the vat return period + the claim of the 6 months invoices with VAT
What I want is the one that will generate less questions from HMRC. Either way I have all documented and stored safely.
I think the question is here is whether they should be included? What type of sales were they? I’m not an accountant but judging by hmrcs website theres quite a few things to be included.
It is including every single expense I had in the past 6 months into the calculations.
So I am pretty sure that they should not be included into the “claim your VAT from 6 months of services”.
Sorry I meant what type are they like exempt, out of scope etc. Or maybe the question should be more of why shouldn’t they be included? I’ve found a few different options on the forum search but it depends on the issue
Hi @daithespark
This is the first VAT return, so on the 6 months before the date, no expense has any VAT on it (except the ones I am claiming, which are a handfull).
We could say that they are out of scope, because I was not VAT registered during that time, but they do not include VAT either.
Also, you cannot claim all VAT from the past 6 months, only the ones that follow the rules.
I am becoming VAT registered from X date, so 6 months before X date, those expenses without VAT should not appear on the VAT return total sales boxes, because they are not part of this VAT return at all.
The VAT start date should be set to your VAT registration date.
If you are claiming additional invoices prior to registration under the rules set by HMRC, you can add these in as a manual adjustment.
There’s no way within QuickFile to include/exclude specific invoices. Providing they meet the criteria for the VAT return, they’re included in the calculations.
Either way I have all documented and stored safely.