I’m on the vat margin scheme and at the end of each month I journal the margin vat due to Sales Tax Control Account (2200)
When I do the vat return, it’s not included. It only calculates the two invoices with vat and ignores the journal. What am I doing wrong?
Journals don’t get picked up in VAT returns so to make any adjustment you’d need to directly adjust the return.
Thanks for a speedy reply. Is there a reason why or is it something that will be sorted in the future?
It may be something we look at later but from what I know about the VAT side there are a number of tricky scenarios required when it comes to including journals in VAT returns. The VAT functions in Quick File are already very complex so adding more layers of complexity is something we want to avoid right now.