Purchases and sales incorrect on vat return

Support
1

hi,

i am having a problem with the following

some purchases and sales do not appear in my vat return.
could this have something to do with nominal codes.

if so how do i put this right.

michael.

2

Are you on accrual or cash accounting? In the latter case, only purchases and sales that have been paid during the return period will feature in the return. Invoices that were issued during one period but paid in the next will fall under the next return rather than this one (and vice versa, anything raised during your previous return period but paid during this one will be included in this return).

3

hi

i have got the sales to now balance but the purchases show more on the vat return than i have entered on the purchases file.

Please help!!!

Michael

4

I would suggest downloading and checking the backing report. I had a quick glance at your account and the purchase totals look right to me for the VAT return period ending 31st March.

5

Are you on cash accounting, and if so are there purchases that were created in the previous return period but paid in this one?

6

hi again

ok i can reconsile the purchases but i have missed a sale and have now entered it in the sales file.

this was a vat margin sale so have put 16.67% vat.

The sale shows in the sales book, but not on the tax return.

Have i done something wrong.

michael.

7

I see the invoice you’re referring to although the payment date is marked as today so it will be outside the scope of your Jan to March VAT return.