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Kevin

Faulty VAT return creation

SUGGESTED
Posted By

Hello. Newb here, relatively.

I entered all my VAT period purchases. I then found a couple of extra VAT purchase invoices and added them. The extra VAT claimed does not appear in the VAT calculation. Manually added, my VAT reclaim comes to £512.52, but the Sage VAT return only shows £353.21. I have logged out and in. I have re-ordered my purchase invoice dates to be correct, but it won't show the right amount. There has been no VAT based income in the period, and that is correctly displayed. Any ideas please?

  • 0
    SUGGESTED

    Hi Kevin,

    Thanks for using Community Hub.

    Can I ask are all VAT Purchase invoices dated with the VAT Return period that is being submitted?

    If this helps, please click Verify Answer.

    Regards,
    Stuart
    Sage UKI

  • 0 in reply to Stuart Avis

    Hi Stuart. Thanks for the answer. My update may be of use. I created two PIs late at night to add into the VAT return. I immediately marked both as paid. One of them, (being quite large) was obviously not taken into the VAT return. Investigating, (all dates being correct), the PI was not in Banking, though the other one was, even after a day and multiple sign ins. In the end, I made a copy of the missing one, changed the reference number, and put that one through no problem. My theory is that maybe hitting 'paid' so quickly got lost in the data transfer/online software and left the job half completed. If I hadn't been vigilant, it would have cost me £160.

  • 0 in reply to Kevin

    Hi Kevin,

    Thank you for responding to my comment and also for the additional information.

    I just want to confirm that you entered 2 Purchase invoices,

    1st Purchase invoice was recorded and also marked as paid and showing on the VAT Return, the 2nd Purchase invoice was recorded and marked as paid but not showing on the VAT Return, would this be correct?

    Can I also ask you to confirm the dates of the 2 invoices and the dates they were paid please and also the dates for VAT return period.

    Regards,
    Stuart
    Sage UKI



  • 0 in reply to Stuart Avis

    Hi Stuart

    Thanks for your reply. I will say that it's entirely possible that it was something I did or didn't do, but it did seem unusual to me.

    I just want to confirm that you entered 2 Purchase invoices

    Yes. They were added late in the VAT process, and some draft returns had already been made and discarded. They both appeared in PIs.

    1st Purchase invoice was recorded and also marked as paid and showing on the VAT Return, the 2nd Purchase invoice was recorded and marked as paid but not showing on the VAT Return, would this be correct?

    Correct. In trying to work out what was going wrong (dates, return period etc) is when I saw the larger one didn't show in banking but the smaller one did. They were both in Purchase Invoices.

    Can I also ask you to confirm the dates of the 2 invoices and the dates they were paid please and also the dates for VAT return period.

    Both were for purchases on 11 Oct 2023. I recorded them as paid retrospectively for that date, but the entries were actually made on the fifth or sixth of Jan 2024. The latest filing date was the 7th of Jan of course

    The Return period was 1/9/23 to 30/11/23. One PI wasn't reflected in the Return, I eventually copied the non-working one, only changing my reference number and a few pennies rounding up or down. I entered it on the 7th of Jan and it was included.

     

    Thanks for your kind attention

    Kevin

  • 0 in reply to Kevin
    SUGGESTED

    Hi Kevin,

    Thank you for getting back to me with a response.

    Can I just ask you to confirm if the VAT return is now showing as correct or not?

    If so can i ask you to Verify Answer on the post please.

  • 0 in reply to Stuart Avis

    The VAT return went through correctly because of what I did about the problem, but the problem is still a mystery. In a large return, this could go unnoticed.

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