Is there any way to trace exactly where the values in a VAT return have come from?
Usually I just compare to the chart of accounts for the same period but in my return for the 2nd quarter of 2015 I am really struggling to work out where the value for ‘total value of purchases excl. VAT’ (box 7) is coming from. It doesn’t seem to immediately match up to the chart of accounts so I assume there is something else going on but have no idea how to work out what?
Are all Purchases, Direct Expenses and Overhead included when calculating box 7? in this instance even if it does the value in box 7 doesn’t equal the sum of all the entries in the chart of accounts for that period that I can see.