The VAT workspace brings the VAT statement, return totals and period detail together for review. Its figures are projected from the same accounting evidence used by the VAT section of the Cash Statement.
Choose a Financial Year and, where needed, a Period from the Tax Hub sidebar. Period descriptions are shown as ordinary inclusive reporting periods.
VAT Statement shows VAT due, VAT paid and the running balance.
VAT Submission shows the nine return figures, including VAT due on sales and acquisitions, VAT reclaimed, net VAT due and the relevant values excluding VAT. Use Adjust tax rates to open the effective-dated VAT adjustment controls in Admin Manager.
Adjustments support reconciliation for the selected tax-period window and should be supported by the business records.
VAT Summary shows the return figures by period and responds to the selected financial-year and period filters.
The current workspace prepares and previews VAT information. It does not transmit a live return or receive an HMRC response.
