Vat return

Question

I have found a number of supplier invoices & payment from the previous accountant that have not been posted to supplier accounts. I want to post them now to reconcile the accounts & reclaim the vat. I also want to post everything on the correct date. Is the vat return submitted based on the invoice date or the posting date?

Andy Rickeard · Answer

Hi CHAR-ACC,

Thanks for using Community Hub.

The VAT Return picks up unreconciled transactions in the period specified, as well as unreconciled transactions from previous periods, so your late entries would be included on the next VAT Return. If there are a significant number of transactions to add, it might be worth checking with Revenue to make sure its acceptable to include them on the next Return.

If this helps, please click Verify Answer.

Regards,

Andy
Sage UK

Sage 50 Accounts

Vat return

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