I was about to submit my VAT return via QuickFile when I noticed that a couple of the calculations seemed wrong. I’m not sure if they’re connected - the figure in Box 2 is too low and the one in Box 4 is too high, but by completely different amounts!
Box 2 (VAT due on EC acquisitions):
I pay regular invoices for a few software subscriptions from companies registered in Ireland (Google and Adobe). I have both suppliers listed as “VAT Registered in another EC Member State” and the purchase records for all purchases have “Apply VAT Reverse Charge” ticked. The VAT due for these regular payments usually totals £39.90 for a quarter. For the return I’m trying to do it totals just £3.30. I have gone back over the purchase records, and they all definitely appear to have the “Apply VAT Reverse Charge” ticked. I’ve submitted my two previous returns via QuickFile in the same way, and their totals seem to be fine, so I’m not sure what’s happened this time.
Box 4 (VAT reclaimed on purchases and other inputs):
I have manually added up my total VAT paid on purchases for this quarter, and I make it £46.39 excluding the EC acquisitions, or £86.30 including them. But the figure that’s coming up in Box 4 is £219.69! Despite much head-scratching I cannot work out where that figure comes from.
As far as I can tell I’ve not done anything differently this time around, but I’m clearly getting different results. Can anyone help?