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VAT returns


#1

My VAT quarterly return dates, as confirmed by HMRC are: Jan, April, July and Oct and I’ve already sent my first quarterly return to the end of Jan 2019. I have entered the above dates in the QuickFile VAT settings. However, I’m not sure if I should have entered Feb, May, Aug, Nov instead in the Quickfile settings box in order to ensure the correct report is produced? I’ve read the ‘knowledge’ section on VAT settings, but I’m still not sure if I’ve entered the correct dates, can you help please?

Thanks, Eddie


#2

Yes, for some reason I believe Quickfile uses the first month of the period whereas usually you would expect to use the HMRC convention of the last month. So for HMRC period Jan, April, July and Oct the Quickfile periods would be Feb, May, Aug, Nov.


#3

Thank you, I thought that might be the case, I couldn’t find this advice in the ‘knowledge’ section of Quickfile? I’ll amend my settings, cheers again.
Eddie


#4

Glad to hear this has been resolved for you @EWP.

For reference, there’s details on the VAT periods here: VAT Returns Guide