To run a VAT return, navigate to:
Click System, VAT, VAT Return. There will be two options given on this screen:
New Return or Reprint.
New Return
Click New Return. A box will appear with options for how to run the return as you require.
Dependant on how the user doing this is set up in the System's configuration and permissions, they will be presented with options to use for running the Return report. Select either: Note: By Default, this will automatically be filled in to run for the 3 periods following the last Return that had been updated on the system.
Year and Periods / Dates From or
Year and Periods / Dates To.
Type the required VAT reference (Max 10 Characters) to identify it.
If you may want to reprint in future, select the format that they would like it presented in, either:
Summary or
Detailed, which would show every transaction on the Return.
Click Process. The report will now show on screen in a new window. This can be reviewed and navigated through, and the report can also be printed or exported.
All transactions with a Date or Period of before the end of the range set for the return that have not yet been updated to a VAT return will appear on the results. eg transactions posted to a previous period for which the return had been updated before they were processed.
Note: Up until this point, transactions have not been marked as updated to a VAT return.
If Financials is not linked to Access Digital Tax, then behind the report window, on Financials, an Update VAT Return prompt will have appeared asking Do you want to update the VAT return. Click either:
If you are happy with the VAT Return, and you want the system updated, which cannot be undone, click Yes. The transactions will be updated in Financials as having been ran in a VAT Return, and will not appear in any future new VAT returns.
Note: If the user updates the system with the VAT Return as a Summary, a Detailed Report can still be reprinted from the Reprint menu if required, and vice versa.Click No. The transactions will remain, and the VAT Return will not be updated on the system
Reprint
Click Reprint. Choose from two options:
Use the Magnifying Glass Search icon to help find the return reference required from the previous VAT returns that have been updated on the system.
For Report Type select either Summary or Detailed report as required.