Populating your MTD for VAT return

Populating a VAT return.

Each VAT return is populated using the transactional information already entered into the system. This means no additional work is required.

It is important that you ensure that the correct VAT code is selected for each transaction entered. Once VAT is enabled in your book, a VAT code can be chosen using the ‘VAT code’ dropdown on any transaction.

Also, if you are posting journals and want the posting line to be added to the VAT return, ensure that the correct ‘Trans’ type is selected. You should choose ‘sale’ or ‘purchase’ as relevant.

How did we do?

VAT rates

VAT reports

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