I have 5 Invoice
Each invoice £45 plus total £54 vat 9
£80 plus vat £96 Vat £16
£75 plus vat £90 vat £15
£35 plus vat £42 vat £7
£30.25 plus vat £36.20 vat £6.05
That what it showing on invoices been created, Total sale £265.25 Total Vat £53.05
But when you go to create vat Return
Vat £63.66
Income £318.05 Why this is happening and how can i fix it
Regards N Ahmed
The first thing you should check is the calculations for the return. At the bottom of the return screen you’re given the option to download these as a .csv file. This will show you the complete breakdown.
I’d also recommend checking your VAT settings:
If this is your first return, check the start date
Are you set up as the correct scheme (cash or accrual)?
If you’re on the Flat Rate scheme, is the rate correct?
Hi Glenn
Thank you for your help.
Wel am not flat rate vat but I had tick box for Flat rate, now i have anticked and saved went back filet vat return figers were right.
Thank you once again.
Regards N Ahmed