VAT return

1. VAT return

   Output VAT, deductible input VAT and the net amount to pay or reclaim for a period. This tour walks through the period filter, totals and the per-rate breakdown.

2. Related ledgers

   Jump to the Chart of accounts, Journals or Balance sheet to check the entries behind these figures.

3. Period

   Pick the from and to dates and click Apply. Without dates, the current month is used.

4. VAT totals

   VAT collected on sales, deductible input VAT from the ledger, the intra-community / reverse-charge (0%) base, and the net result: payable in red or refundable in green.

5. Breakdown by rate

   Taxable base and VAT per rate, from web orders (cancelled and refunded ones excluded) and paid POS sales, minus POS returns.

6. Where input VAT comes from

   Input VAT is read from the input VAT accounts in your ledger, not from individual purchase lines, so post your purchase invoices to see it here.