VAT repayment and tax bill payment

[QFMathew]

Hi @Janet

With the VAT repayment, have you completed a VAT return in QuickFile (even if you didn’t submit it to HMRC)?

With any tax payments, you would tag it from the bank statement view by clicking ‘Tag Me!’ and selecting a ‘Payment to HMRC’, selecting the correct tax from the list. This will record it against the correct nominals for you.

There’s a bit more in a post from @Glenn:

Submitting VAT return - How to record payment to HMRC?

Payments to HMRC for VAT aren’t normally issued against an invoice. What happens is when you submit your VAT return in QuickFile it will post a liability to the VAT account (Nominal ledger 2202), you can view this by looking at your Chart of Accounts. Now later HMRC will debit your account for the VAT owed. When you see this on your bank statement in QuickFile you would tag it from the bank as a payment for VAT and QuickFile will make another posting to nominal 2202 to reverse the previous ent…

I hope that helps, but please feel free to ask any further questions.