VAT Return and Sales

How-to
1

Hello,

Can anyone point me in the direction of creating my own list of sales on Quickfile for VAT purposes please? I normally use Excel but as I have to file a VAT return with Making Tax Digital now., I have to include a list of my quarterly sales.

Thanks very much.

Paul Mitchell

2

Hello @mitchus925

The MTD scheme HMRC brought in means you will no longer be able to store paper based records and they must be stored digitally.
You can also not just enter the figures in the boxes 1-9 on the vat return as there has to be clear digital links to the information which makes up the figures (either in MTD compliant software or a spreadsheet).

The have given 2 options

  • Enter all your transactions into MTD compliant software and use it to do the submission.
  • Enter all your paper based transactions in a spreadsheet and use compatible bridging software to do your submission.

QuickFile offers both methods

QuickFile is free up to your first 1000 nominal postings in a rolling 12 month period then £60 + vat annually after that.

If you are coming from paper based records and have to digitise your records anyway.
Posting them directly into QuickFile would be the simplest and cheapest option as the software may most likely be free (if you do not have many transactions and are under the threshold).

The best place to start would be the links below

https://support.quickfile.co.uk
https://support.quickfile.co.uk/t/create-your-first-invoice/8813
https://support.quickfile.co.uk/t/importing-sales-and-purchase-invoices/8885

For our Bridging Module a Power User subscription is required (£60+ vat annually).
You can try this out for free as you can tick the option and do your first submission free of charge.

If you prefer to use a spreadsheet and the Bridging Module here are the instructions - VAT Bridging

PLEASE NOTE you can not just have a spreadsheet containing values for boxes 1-9 as the whole point of the MTD system is that there is a clear digital link to your backing data/transactions.

3

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