VAT return to HMRC need to raise a receipt?

Accounting
1

A quick query, paid my VAT Return to HMRC but do I need to raise an invoice for the amount paid and if so not sure what the category would be does not have a HMRC (unless I am missing it!)]
Cheers
Barbara

2

Hi @ideas4learning

If you click on the ‘Tag me!’ option on your bank statement view, and then select ‘Tax payment to HMRC’

You will then see an option for VAT:

That will log the payment against the correct nominal account for you. If you’ve run a VAT return through QuickFile, this will then balance it out for you too and remove the liability from your balance sheet.

Hope that helps!

3

No need to create new invoice for vat payments to HMRC , just tag it to “Tax payment to HMRC (e.g. VAT, PAYE or Corporation Tax)” from bank a/c

4

Cheers
Many thanks both of you , had tagged on my bank statement just wondered wx needed a invoice as well.
Again many thanks for swift replies.
Barbara

1 Like