Hi,

I processed a bank receipt using n/c 5000 T1, and when I ran the vat return the vat amount is in box 1 and the amount before the vat is in box 7 .  I agree with box 7 but would have thought the vat element would appear in box 3 as a credit.  I realise it doesn't make a difference to box 5 but was checking to see if this is correct.

Thanks in advance.