This is only the second VAT return I’ve had to do under MTD and I’m struggling to make the figures match. I think I have an issue with which VAT return an invoice goes against.
As far as I can see, there are three dates associated with each purchase I make
The invoice date
The date I enter it into Quickfile
The date I pay it.
Which one of these determines which VAT return it goes on?
i.e if I order something on account towards the end of a quarter, type the details into Quickfile a week later, and then pay it 30 days after the invoice date, making it after the end of the quarter, which return will it go on?
It depends on what VAT scheme you are on as one will take invoice date and one will take payment date as the date to enter the transaction on the VAT return.
The date you enter it onto Quickfile is irrelevant (unless you enter it after the VAT return for the period it should have been in has been submitted). When you enter it on Quickfile you enter the tax point/invoice date and the payment is linked to a transaction on the date you paid it.
I’m on Cash Accounting and Quickfile is set to this, so apparently it takes the payment date and not the invoice date. So all good here.
Unfortunately, I now don’t know where the anomaly is as I thought it was due to dates. Is there some way of downloading a report of the entries Quickfile is using to do the VAT return?
That’s what the “export” button on the VAT return preparation screen does (it might be called “download calculations” if your account is still on the old-style green VAT form rather than the new white one).
Sorry about that, I thought it meant Export the VAT return so I had a copy, just pressed it and it’s exactly what I want.